Genting Singapore is the most actively traded by volume, while banking stocks are mixed
SINGAPORE stocks were in positive territory during early trading on Friday (Nov 8) after the US cut interest rates by a quarter point, as global markets continued to rally after Donald Trump’s election victory this week.
As at 9.03 am, the Straits Times Index (STI) was up 0.4 per cent or 13.4 points at 3,686.89. Across the broader market, gainers outnumbered losers 91 to 38 after 68.6 million securities worth S$153.5 million changed hands.
Genting Singapore was the most actively traded counter by volume. It was down 6.6 per cent or S$0.055 at S$0.785 with 9.6 million securities traded.
Other active counters included Mapletree Pan Asia Commercial Trust, which traded flat at S$1.25, and Frasers Logistics and Commercial Trust, which was up 1 per cent or S$0.01 at S$1.03.
Banking stocks were mixed at the open. UOB climbed 2.7 per cent or S$0.91 to S$34.21 and DBS rose 0.2 per cent or S$0.08 to S$41.78. However, OCBC fell 0.3 per cent or S$0.05 to S$15.83.
Wall Street stocks ended Thursday mixed post-US Presidential election, as the S&P 500 and Nasdaq Composite Index hit fresh records after the Federal Reserve cut interest rates, and the Dow Jones Industrial Average closed almost flat.
The Dow Jones Industrial Average declined slightly to close at 43,729.34. The tech-heavy Nasdaq Composite jumped 1.5 per cent to 19,269.46 and the S&P 500 rose 0.7 per cent to close at yet another record high of 5,973.10.
Over in Europe, shares rebounded on a boost from tech and resources shares. The Stoxx 600 was up around 0.6 per cent to close at 509.92.
