SINGAPORE’S Straits Times Index (STI), cued by record-high closings on Wall Street overnight, rose 21.62 points or 0.6 per cent to 3,426.09 on Tuesday (Jul 9).
The S&P 500 and Nasdaq closed 0.1 per cent and 0.3 per cent higher respectively on Monday, but the Dow slipped 0.1 per cent.
Most regional indices rallied – the Shanghai Composite Index surged 1.3 per cent and Japan’s Nikkei 225 jumped 2 per cent.
IG analyst Yeap Jun Rong pointed out that risk-taking will still likely be more measured ahead of the Federal Reserve chair’s testimony in Congress and a key US inflation release this week.
Azeus Systems, an IT solutions and products provider, saw its share price plunge as much as 9 per cent in intraday trading but it managed to pare the decline to 8.7 per cent or S$0.91 to S$9.53 at closing bell. The company did not make any announcements before market close on Tuesday that could explain the sharpest fall in absolute value terms among Singapore stocks.
Units of STI constituent Mapletree Logistics Trust hit a 52-week low of S$1.25, with the logistics real estate investment trust closing 0.8 per cent or S$0.01 lower.
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Another constituent, Seatrium, was the overall most active counter as well as the worst-performing stock on the blue-chip gauge. The engineering solutions company in the offshore, marine and energy industry recorded a turnover of 47.3 million shares while their price dropped S$0.03 or 2.1 per cent to S$1.41.
Across the broader market, gainers beat decliners 290 to 287, with 1.3 billion securities worth a total of S$1.1 billion changing hands.
