SINGAPORE stocks extended the previous day’s rally to open higher on Wednesday (Jul 10), following a mixed overnight performance in global markets.
The Straits Times Index (STI) gained 8.65 points or 0.3 per cent to 3,434.74 as at 9.01 am. Across the broader market, gainers outnumbered losers 58 to 32 after 32.4 million securities worth S$61.7 million changed hands.
Catalist-listed pharmaceutical company iX Biopharma was the most heavily traded counter in terms of volume, climbing S$0.007 or 24.1 per cent to S$0.036 with 9.3 million securities traded.
Shares of Yoma Strategic fell S$0.009 or 6.3 per cent after the Myanmar-focused company addressed media claims to clarify that no charges had been filed against its executive chairman, Sergei Pun.
Index counter Singtel gained S$0.01 or 0.4 per cent to S$2.91 in early trade.
Local banks were trading mixed at the opening bell. OCBC slipped S$0.04 or 0.3 per cent to S$15.11. DBS jumped S$0.33 or 0.9 per cent to S$37.73, and UOB edged up S$0.04 or 0.1 per cent to S$32.91.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Two out of three major US indices edged to fresh records on Tuesday, as Federal Reserve Chief Jerome Powell reported “modest” progress in countering inflation ahead of the publication of influential US pricing data.
The broad-based S&P 500 gained 0.1 per cent to 5,576.98. The tech-rich Nasdaq Composite Index also advanced 0.1 per cent to 18,429.29, ending at a record for the sixth straight day. The Dow Jones Industrial Average, however, finished down 0.1 per cent at 39,291.97.
Over in Europe, shares dropped for a third straight session on Tuesday, dragged by weakness in French stocks as political uncertainties lingered.
The Stoxx 600 index logged its biggest daily percentage decline in nearly a month, ending 0.9 per cent down at 511.76.
