SINGAPORE shares were pulled into positive territory on Tuesday (Jul 2), tracking overnight gains in US and Europe markets.
As at 9.01 am, the Straits Times Index (STI) rose 6.37 points or 0.2 per cent to 3,344.94. Across the broader market, gainers outnumbered losers 72 to 36 after 44.1 million securities worth S$62 million changed hands.
Index counter Thai Beverage was the most actively traded counter in terms of volume, shedding S$0.005 or 1.1 per cent to S$0.44 with 13.8 million shares transacted.
Yoma Strategic climbed S$0.003 or 2.3 per cent to S$0.136, and Genting Singapore gained S$0.005 or 0.6 per cent to S$0.85.
Local banks were trading mixed at the open, with UOB falling S$0.08 or 0.3 per cent to S$31.22. DBS rose S$0.15 or 0.4 per cent to S$36.27, and OCBC added S$0.01 or 0.1 per cent to S$14.51.
Wall Street indices ended Monday in the green, shrugging off an increase in US Treasury yields which analysts tied to shifting election expectations. The Nasdaq powered to a fresh record, jumping 0.8 per cent to 17,879.3 on gains by tech giants. The Dow Jones Industrial Average advanced 0.1 per cent to 39,169.52, while the broad-based S&P 500 climbed 0.3 per cent to 5,475.09.
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European stocks closed Monday higher as well, with French shares leading the charge after the far-right National Rally party scored historic gains in the first round of parliamentary elections. This helped the Stoxx 600 index snap four consecutive sessions of losses to end 0.3 per cent higher at 513.04.
