SINGAPORE equities began trading stronger on Tuesday (Jul 9) morning to track overnight gains on Wall Street.
As at 9.01 am, the Straits Times Index (STI) gained 18.14 points or 0.5 per cent to 3,422.61. Across the broader market, gainers outnumbered losers 67 to 34 after 45.5 million securities worth S$63.8 million changed hands.
Thai Beverage was the most actively traded counter in terms of volume, rising S$0.005 or 1.1 per cent to S$0.445 with 6.4 million securities moved.
Singtel, another index counter, rose S$0.02 or 0.7 per cent to S$2.86.
Shares of Catalist-listed Tritech Group were briskly transacted as well, inching up S$0.002 or 22.2 per cent to S$0.011.
The local banks were a sea of green in early trade. DBS rose S$0.20 or 0.5 per cent to S$37.38. UOB jumped S$0.53 or 1.6 per cent to S$33.06, and OCBC gained S$0.08 or 0.5 per cent to S$15.13.
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Two of three major indices in the US extended earlier gains to close at records again on Monday as investors await key inflation data later this week.
The broad-based S&P 500 Index advanced 0.1 per cent to 5,572.85, while the tech-heavy Nasdaq Composite Index rose by 0.3 per cent to 18,403.74.
The Dow Jones Industrial Average, however, retreated 0.1 per cent to end at 39,344.79.
European shares traded muted on Monday as investors mulled chances of a hung parliament in France after the left alliance’s unexpected advance in the election.
The pan-European Stoxx 600 index ended flat at 516.43.
