Singapore Shares Start Trading in Positive Territory
Singapore shares started trading in positive territory on Friday (Jan 31), mirroring activities in global markets.
Market Performance
As at 9.01 am, the Straits Times Index (STI) opened 1.1 per cent or 42.16 points higher at 3,843.23. Across the broader market, gainers outnumbered losers 99 to 33 after 54.2 million securities worth S$121.5 million changed hands.
Active Traded Counters
Among the actively traded counters by volume was Yangzijiang Financial, which rose 1.1 per cent or S$0.005 to S$0.46, after nine million shares changed hands. Shares of Singtel rose 1.8 per cent or S$0.06 to S$3.32. Units of CapitaLand Integrated Commercial Trust were up 1 per cent or S$0.02 to S$1.96.
Banking Stocks
Banking stocks were trading in positive territory. DBS advanced 1.7 per cent or S$0.72 to S$44.45. UOB was up 1.5 per cent or S$0.55 at S$37.42. OCBC gained 1.2 per cent or S$0.21 to S$17.25.
Global Markets
Wall Street stocks ended higher on Thursday, with the S&P 500 gaining 31.86 points or 0.5 per cent to end at 6,071.17. The Nasdaq Composite gained 49.43 points or 0.3 per cent to 19,681.75 and the Dow Jones Industrial Average rose 168.61 points or 0.4 per cent to 44,882.13.
European Markets
In Europe, stocks closed at a record high, led by real estate counters. The pan-European Stoxx 600 closed 0.9 per cent higher at 538.84, logging its tenth advance in the past 12 sessions.
Conclusion
Singapore shares started the day in positive territory, following a similar trend in global markets. The STI opened higher, with gainers outnumbering losers in the broader market. Banking stocks also traded positively, while active traded counters like Yangzijiang Financial, Singtel, and CapitaLand Integrated Commercial Trust saw gains.
FAQs
Q: What was the opening level of the Straits Times Index (STI) on Friday?
A: The STI opened 1.1 per cent or 42.16 points higher at 3,843.23.
Q: Which counters saw significant gains on Friday?
A: Yangzijiang Financial, Singtel, CapitaLand Integrated Commercial Trust, DBS, UOB, and OCBC were among the actively traded counters that saw gains.
Q: How did global markets perform on Thursday?
A: Wall Street stocks ended higher on Thursday, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all seeing gains.
Q: What was the performance of European markets?
A: European stocks closed at a record high on Friday, led by real estate counters, with the pan-European Stoxx 600 logging its tenth advance in the past 12 sessions.
Q: Who is the copyright holder of this article?
A: SPH Media holds the copyright for this article.
