SINGAPORE shares began Wednesday (Oct 23) trading in positive territory as overseas markets saw mixed results overnight.
As at 9.01 am, the Straits Times Index (STI) was up 0.2 per cent or 5.71 points at 3,593.12. Across the broader market, gainers outnumbered losers 67 to 41 after 22.2 million securities worth S$33.8 million changed hands.
Property developer and builder Wee Hur was the most actively traded counter by volume. The counter rose 7.4 per cent or S$0.035 to S$0.51 with three million securities changing hands.
Other actively traded counters included SingPost which increased 0.9 per cent or S$0.005 to S$0.545 and ProsperaGlobal which was up 3.9 per cent or S$0.001 at S$0.027.
Banking stocks were trading mixed at open. DBS was down 0.1 per cent or S$0.03 at S$38.95, while OCBC rose 0.6 per cent or S$0.09 to S$15.27 and UOB climbed 0.03 per cent or S$0.01 to S$32.10.
Wall Street stocks closed flat as US Treasury yields rose. Major indices opened lower and pushed into positive territory in the afternoon before losing steam.
The Dow Jones Industrial Average closed flat at 42,924.89 and the broad-based S&P 500 dropped 0.1 per cent to 5,851.2 while the tech-rich Nasdaq Composite Index inched up 0.2 per cent to 18,573.13.
European equities ended lower as investors faced geopolitical and global interest-rate cut uncertainties. The pan-European Stoxx 600 index closed 0.2 per cent lower at 520.4.
