SINGAPORE equities began trading in positive territory on Wednesday (Jun 19), as US stocks finished higher with Nvidia becoming the world’s most valuable public company.
As at 9.01 am, the Straits Times Index (STI) opened 0.6 per cent or 18.15 points higher at 3,319.93. Across the broader market, gainers outnumbered losers 78 to 33 after 36.3 million securities worth S$72.1 million changed hands.
The most actively traded counter by volume was Hiap Seng with about 6 million shares traded. The counter opened flat at S$0.005.
Singtel shares were briskly transacted as well, climbing 0.4 per cent or S$0.01 to S$2.59. CapitaLand Ascendas Reit units were also traded actively, edging up 0.4 per cent or S$0.01 to S$2.56.
Banking stocks traded higher at the opening bell. UOB increased 1.4 per cent or S$0.44 to S$31.04. DBS rose 0.3 per cent or S$0.10 to S$35.60, while OCBC was up 0.8 per cent or S$0.11 to S$14.31.
Wall Street stocks closed higher on Tuesday, with the S&P 500 reaching a new record on a day that Nvidia edged ahead of Microsoft to become the world’s most valuable publicly traded company.
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All three major indices rose on Wall Street, with the broad-based S&P 500 inching up 0.3 per cent to reach a new all-time high of 5,487.03.
The Dow Jones Industrial Average rose 0.2 per cent to 38,834.86, while the tech-heavy Nasdaq Composite Index finished up less than 0.1 per cent at 17,862.23.
European shares similarly ended higher on Tuesday, supported by a slip in government bond yields as investor concern over French political woes ebbed, with the focus shifting to data and policymakers’ comments to gauge global central banks’ monetary policy path.
The pan-European Stoxx 600 closed nearly 0.7 per cent or 3.52 points higher at 515.01, with utilities leading sectoral gains, up 1.5 per cent.
