SINGAPORE stocks started trading in positive territory on Wednesday (Jul 31), after Wall Street’s mixed performance overnight.
As at 9.01 am, the Straits Times Index (STI) opened 0.3 per cent or 10.46 points higher at 3,452.23. Across the broader market, advancers beat decliners 53 to 37 after 21.9 million securities worth S$37.3 million changed hands.
One of the most actively traded counters by volume was Genting Singapore, which was flat at S$0.85, with 1.9 million shares changing hands.
Other heavily traded securities included Mapletree Logistics Trust, which fell 3.1 per cent or S$0.04 to S$1.27, with 1.3 million units transacted. Second Chance was up 3.4 per cent or S$0.01 at S$0.305, with 1.4 million shares traded.
Banking stocks were trading up at the open. DBS rose 0.7 per cent or S$0.24 to S$36.80. OCBC increased 0.4 per cent or S$0.06 to S$14.86. UOB was up 0.5 per cent or S$0.16 at S$32.42.
Wall Street stocks ended mixed on Tuesday as investors continued to steer funds away from artificial intelligence equities towards other sectors. The tech-rich Nasdaq Composite Index fell 1.3 per cent to 17,147.42. The Dow Jones Industrial Average gained 0.5 per cent to 40,743.33, while the broad-based S&P 500 dropped 0.5 per cent to 5,436.44.
In Europe, shares closed higher on Tuesday, boosted by earnings-driven gains across several pockets of the market. The pan-European Stoxx 600 index closed 0.5 per cent higher at 514.08.
