SINGAPORE shares began Friday (Sep 13) trading in positive territory, mirroring overnight gains in global markets.
As at 9.01 am, the Straits Times Index (STI) climbed 0.1 per cent or 2.11 points to 3,558.64. Across the broader market, gainers outnumbered losers 73 to 29 after 35.6 million securities worth S$48.9 million changed hands.
Enterprise technology, software and services company Silverlake Axis was the most actively traded counter by volume. The counter traded flat at S$0.375, with three million shares changing hands.
Other actively traded counters included offshore oil-and-gas contractor Dyna-Mac, which increased 1.6 per cent or S$0.01 to S$0.63. Mainboard-listed shipbuilder Yangzijiang Shipbuilding rose 2.4 per cent or S$0.06 to S$2.54.
Banking stocks were trading mixed at the open. OCBC fell 0.1 per cent or S$0.02 to S$15.23. DBS inched up 0.1 per cent or S$0.05 to S$37.85. UOB climbed 0.1 per cent or S$0.03 to S$32.32.
Wall Street stocks ended higher on Thursday, with markets anticipating US Federal Reserve interest rate cuts next week. The gains followed benign wholesale inflation data and unremarkable weekly jobless claims, along with another interest rate cut by the European Central Bank.
Leading major indices, the tech-rich Nasdaq Composite Index advanced 1 per cent to 17,569.68. The broad-based S&P 500 gained 0.8 per cent to 5,595.76, while the Dow Jones Industrial Average finished up 0.6 per cent at 41,096.77.
Shares in Europe jumped after the European Central Bank cut interest rates as inflation hovered near its 2 per cent target and the domestic economy skirted a recession. The pan-European Stoxx 600 index was up 0.8 per cent at 512.08 points, as regional bourses ended with healthy gains.
