SINGAPORE equities began Thursday (Jan 16) in positive territory, tracking gains in global markets.
As at 9.01 am, the Straits Times Index (STI) climbed 44.36 points or 1.2 per cent to 3,816.94.
Across the broader market, gainers outnumbered losers 104 to 15 after 41.7 million securities worth S$72.6 million changed hands.
CapitaLand Integrated Commercial Trust was the most actively traded counter in terms of volume. It rose S$0.04 or 2.1 per cent to S$1.95 after 4.4 million units were moved.
Other actively traded names included Suntec Reit which was flat at S$1.23. Mapletree Logistics Trust was S$0.02 or 1.6 per cent higher at S$1.28.
Local banking stocks were up at the open. DBS rose S$0.55 or 1.3 per cent to S$44.05. OCBC was up S$0.21 or 1.3 per cent at S$17.08, and UOB traded S$0.52 or 1.4 per cent higher at S$37.10.
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Wall Street stocks jumped on Wednesday, reversing a recent decline as traders responded enthusiastically to strong bank earnings, and data indicating a slowdown in underlying inflation.
The Dow Jones Industrial Average closed 1.7 per cent higher at 43,221.55. The broad-based S&P 500 index jumped 1.8 per cent to 5,949.91, and the tech-rich Nasdaq Composite Index surged 2.5 per cent to 19,511.23.
In Europe, shares advanced on Wednesday after an inflation reading in the US that was in line with consensus raised the chances of a second rate cut by the Federal Reserve this year.
The pan-European Stoxx 600 index jumped 1.3 per cent to 515.02, logging its best intraday percentage gain since September 2024.
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