SINGAPORE stocks started trading in the positive territory on Monday (Jul 29) after global equities ended higher last week.
As at 9.01 am, the Straits Times Index (STI) opened 0.7 per cent or 23.26 points higher at 3,449.73. Across the broader market, gainers outnumbered losers 102 to 30 after 68 million securities worth S$58.5 million changed hands.
One of the most actively traded counters by volume was Seatrium, which gained 6 per cent or S$0.09 to S$1.59, with 11.7 million shares changing hands.
Other heavily traded securities included Catalist-listed Medi Lifestyle, which rose 63.6 per cent or S$0.007 to S$0.018. Shares of Yoma Strategic also inched up 1.6 per cent or S$0.002 to S$0.131.
Banking stocks were trading up at the open. DBS rose 0.5 per cent or S$0.17 to S$36.41. UOB gained 0.8 per cent or S$0.27 to S$32.47. OCBC increased 0.6 per cent or S$0.09 to S$14.86.
Wall street stocks ended last Friday higher after better inflation data. The Dow Jones Industrial Average jumped 1.6 per cent to 40,589.34. The broad-based S&P 500 advanced 1.1 per cent to 5,459.1, while the tech-rich Nasdaq Composite Index climbed 1 per cent to 17,357.88.
In Europe, shares gained after several sectors including luxury logged better earnings results, while global markets remained stable after improved US inflation data. The pan-European Stoxx 600 index closed 0.8 per cent higher at 512.83.
