SINGAPORE stocks began Tuesday (Sep 24) trading in positive territory, mirroring overnight gains in global markets.
As at 9.01 am, the Straits Times Index (STI) climbed 6.26 points or 0.2 per cent to 3,644.8. Across the broader market, gainers outnumbered losers 74 to 35, after 46.5 million securities worth S$35.8 million changed hands.
Subsea and offshore drilling services company Mermaid Maritime was the most actively traded counter by volume. The counter gained S$0.002 or 1.3 per cent to S$0.16 after 9.1 million shares changed hands.
Other actively traded names included Thai Beverage, which traded flat at S$0.525. Mapletree Logistics Trust traded S$0.01 or 0.7 per cent higher at S$1.44.
Banking stocks were up in early trade. DBS advanced S$0.07 or 0.2 per cent to S$39.53. OCBC rose S$0.02 or 0.1 per cent to S$15.66, and UOB was up S$0.09 or 0.3 per cent at S$33.34.
Wall Street stocks pushed to fresh records on Monday, extending a positive stretch in anticipation of more central bank easing.
The Dow Jones Industrial Average ended up 0.2 per cent at a record of 42,124.65, while the broad-based S&P 500 gained 0.3 per cent to a record of 5,718.57. The tech-rich Nasdaq Composite Index closed 0.1 per cent higher at 17,974.27.
In Europe, stocks closed higher on Monday, as a soft business activity reading strengthened the case for more monetary policy easing by the European Central Bank this year.
The pan-European Stoxx 600 index closed 0.4 per cent higher at 516.32.
