SINGAPORE shares started trading in positive territory on Monday (Nov 11) as markets abroad logged mixed results over the weekend.
As at 9.01 am, the Straits Times Index (STI) was up 0.6 per cent or 21.55 points at 3,745.92. Across the broader market, gainers outnumbered losers 78 to 61 after 62.2 million securities worth S$122.4 million changed hands.
Singapore-based investment holding company HS Optimus was the most actively traded counter by volume. The company – which operates investment, door manufacturing and property businesses – was trading flat at S$0.002 with 7.5 million securities switching hands.
Other actively traded counters included mainboard-listed logistics company Chasen Holdings which rose 2.7 per cent or S$0.003 to S$0.114 and telco giant Singtel which fell 1.5 per cent or S$0.05 to S$3.20.
Banking stocks were trading up at open. UOB rose 2.3 per cent or S$0.81 to S$36.50. OCBC climbed 1.7 per cent or S$0.27 to S$16.33 and DBS added 0.7 per cent or S$0.30 to S$42.70.
Major Wall Street indices registered gains as Donald Trump’s victory and the possibility of a Republican Party sweep in Congress drove expectations for favourable business policies.
The Dow Jones Industrial Average climbed 0.6 per cent to 43,988.99. The broad-based S&P 500 Index gained 0.4 per cent to finish up at 5,995.54 and the tech-rich Nasdaq Composite Index rose 0.1 per cent to 19,286.78.
European equities logged declines, dampened by underwhelming stimulus measures from China and worries about tariffs under Trump’s presidency hurting economic growth. The pan-European Stoxx 600 Index ended down 0.7 per cent at 506.63.
