SINGAPORE stocks started trading in positive territory on Monday (Nov 4) after global markets ended the previous week higher.
As at 9.01 am, the Straits Times Index (STI) opened 0.5 per cent or 17.92 points higher at 3,573.35, Across the broader market, gainers outnumbered losers 67 to 50 after 35.9 million securities worth S$56.5 million changed hands.
Singtel was one of the most actively traded counters by volume. It gained 1 per cent or S$0.03 to S$3.13, with 3.3 million shares changing hands.
Units of Mapletree Logistics Trust lost 0.8 per cent or S$0.01 to S$1.31. Shares of Seatrium were also briskly traded, rising 1.1 per cent or S$0.02 to S$1.92.
Banking stocks were trading up at the open. DBS rose 1 per cent or S$0.40 to S$39.15. UOB increased 0.6 per cent or S$0.19 to S$32.29. OCBC gained 0.4 per cent or S$0.06 to S$15.24.
Wall Street stocks ended higher last Friday as market watchers anticipate interest rate cuts by the Federal Reserve after weak US jobs data.
The Dow Jones Industrial Average gained 0.7 per cent to 42,052.19. The broad-based S&P 500 climbed 0.4 per cent to 5,728.8, while the tech-rich Nasdaq Composite Index jumped 0.8 per cent to 18,239.92.
In Europe, the main stock index logged its biggest one-day gain in five weeks with banks leading an overall market rebound. The pan-European Stoxx 600 index finished 1.1 per cent higher at 510.9 points.
