SINGAPORE stocks began trading in positive territory on Thursday (Nov 21) after global equities ended mixed overnight.
As at 9.04 am, the Straits Times Index (STI) inched up 4.61 points or 0.1 per cent to 3,748.25. Across the broader market, losers outnumbered gainers 73 to 51, after 54.6 million securities worth S$63.9 million changed hands.
Genting Singapore was one of the most actively traded counters in terms of volume, rising 0.7 per cent or S$0.005 to S$0.78, with six million shares transacted.
Shares of Thai Beverage were briskly traded as well, losing 1.9 per cent or S$0.01 to S$0.51. Advanced Systems dropped 4.8 per cent or S$0.001 to S$0.02.
The three local banks were all trading up in the morning. UOB rose 0.2 per cent or S$0.08 to S$36.31. DBS was up 0.7 per cent or S$0.31 at S$42.52. OCBC inched up 0.1 per cent or S$0.01 to S$16.49.
Wall Street ended Wednesday mixed while investors waited for semiconductor company Nvidia’s third-quarter earnings. While its earnings report exceeded expectations, its stock slipped as much as 3 per cent within 20 minutes of the release. The Dow Jones Industrial Average finished 0.3 per cent higher at 43,408.47. The tech-rich Nasdaq Composite Index slipped 0.1 per cent to 18,966.14, while the broad-based S&P 500 was unchanged at 5,917.11.
Over in Europe, the main stock index closed flat after rocky movements on Wednesday as investors remained on edge due to existing geopolitical tensions from the Russia-Ukraine conflict. The pan-European Stoxx 600 held its ground at 500.49 points. It declined for a fourth straight session, logging its longest losing streak in more than two months.
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