SINGAPORE shares began Thursday (Nov 7) trading in positive territory as markets abroad saw mixed results.
As at 9.01 am, the Straits Times Index (STI) was up 0.6 per cent or 20.74 points at 3,623.73. Across the broader market, gainers outnumbered losers 63 to 48 after 38.7 million securities worth S$118.9 million changed hands.
Mainboard-listed shipbuilder Yangzijiang Shipbuilding was the most actively traded counter by volume. It was trading up 2.4 per cent or S$0.06 at S$2.61 with 3.8 million securities switching hands.
Other actively traded counters included real estate investment trusts CapitaLand Integrated Commercial Trust which fell 1.5 per cent or S$0.03 to S$1.98, and Frasers Logistics & Commercial Trust which traded flat at S$1.05.
Banking stocks were trading up at market open. DBS climbed 1.9 per cent or S$0.76 to S$39.91. UOB rose 1.3 per cent or S$0.41 to S$33.10 and OCBC added 1 per cent or S$0.15 to S$15.45.
DBS reported before the market opened that net profit for the third quarter ended September 2024 rose 17 per cent year on year to S$3.03 billion – crossing the S$3 billion mark for the first time – from S$2.59 billion the year before.
Wall street stocks surged to all-time highs on Wednesday post-US Presidential election and Donald Trump’s win as all three major indices clocked record numbers.
The Dow Jones Industrial Average led indices’ wins, adding 3.6 per cent to finish at 43,729.93. The tech-rich Nasdaq Composite Index jumped 3 per cent to 18,983.46 and the broad-based S&P 500 climbed 2.5 per cent to 5,929.04.
European shares ended Wednesday lower, amid utility shares falling on fears that the US President-elect could halt fresh approvals for offshore wind projects. The pan-European Stoxx 600 Index dipped 0.5 per cent to 506.78.
