SINGAPORE stocks began Friday (Oct 11) morning trading in positive territory, shrugging off global market jitters from overnight losses.
As at 9.02 am, the Straits Times Index (STI) rose 14.69 points or 0.4 per cent to 3,599.98. Across the broader market, gainers outnumbered losers 79 to 35 after 46.6 million securities worth S$67.7 million changed hands.
Telco giant Singtel was the most actively traded counter by volume. The counter fell 0.6 per cent or S$0.02 to S$3.14 after 5.6 million shares changed hands.
Other actively traded counters included watch-listed green-energy solutions provider Green Build, which rose 7.6 per cent or S$0.004 to S$0.057, and automotive dealer Trans-China Automotive (TC Auto) which climbed 1.3 per cent or S$0.001 to S$0.078.
Banking stocks were up at the open. DBS rose 0.4 per cent or S$0.17 to S$38.91 and UOB climbed 0.4 per cent or S$0.12 to S$32.04. Meanwhile, OCBC gained 0.6 per cent or S$0.09 to S$15.10.
Wall Street stocks dipped on Thursday, retreating from records following mixed economic data that clouds expectations about upcoming US monetary policy decisions.
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The Dow Jones Industrial Average dipped 0.1 per cent to 42,454.12, pulling back from Wednesday’s record.
The broad-based S&P 500 lost 0.2 per cent at 5,780.05, while the tech-rich Nasdaq Composite Index shed 0.1 per cent to 18,282.05.
Over in Europe, stocks closed lower on Thursday with defence and industrial stocks leading losses. This came after data showed US inflation ticked higher, while investors waited for France to unveil its 2025 budget.
The pan-European Stoxx 600 index fell 0.2 per cent to 519.11, with defence, industrials and technology each losing over 1 per cent.
