SINGAPORE shares started trading flat on Tuesday (Feb 18).
As at 9.02 am, the Straits Times Index (STI) opened 0.03 point higher at 3,904.88. Across the broader market, gainers outnumbered losers 46 to 44 after 56.7 million securities worth S$78 million changed hands.
Among the actively traded counters by volume was Suntec Real Estate Investment Trust, which was trading flat at S$1.18, with 2.4 million units changing hands.
Shares of Rex International rose 3.5 per cent or S$0.007 to S$0.205. Units of CapitaLand Integrated Commercial Trust were trading flat at S$1.98.
Local banking stocks were trading in positive territory. DBS shares rose 0.4 per cent or S$0.19 to S$45.19. UOB shares increased 0.1 per cent or S$0.03 to S$38.64. OCBC shares was up 0.1 per cent or S$0.01 at S$17.59.
US stock markets were closed for trading activities on Monday for President’s Day. The market will resume normal operations on Tuesday.
In Europe, shares marked a record closing high on Monday, boosted by defence stocks as investors priced in the likelihood of increased military spending in the region, following growing US pressure.
The pan-European Stoxx 600 index ended up 0.5 per cent at 555.42 points, its highest ever closing level, with the aerospace and defence index leading sectoral gains with a 4.6 per cent jump.
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