Singapore stocks track global gains to open Thursday higher; STI up 0.3%
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SINGAPORE stocks began trading in positive territory on Thursday (Aug 11) after global markets ended on an uptick overnight, buoyed by better-than-expected US inflation data.
The Straits Times Index (STI) rose 0.3 per cent or 8.33 points to 3,294.66 as at morning.
SINGAPORE stocks began trading in positive territory on Thursday (Aug 11) after global markets ended on an uptick overnight, buoyed by better-than-expected US inflation data.
The Straits Times Index (STI) rose 0.3 per cent or 8.33 points to 3,294.66 as at morning.
Sembcorp Marine : -0.84% was the most actively traded counter in the morning with 8.4 million shares transacted. The counter remained flat at S$0.119.
The trio of local banks were in the green at Thursday’s open. DBS +0.54% rose S$0.16 or 0.5 per cent to S$33.40, OCBC +0.65% inched up S$0.04 or 0.3 per cent to S$12.41, while UOB +0.92% climbed S$0.11 or 0.4 per cent to S$27.26 in early trade.
Over in the US, stocks surged on Wednesday on better-than-expected inflation data that raised hopes the Federal Reserve might ease up on its aggressive interest rate hikes.
The Dow Jones Industrial jumped 1.6 per cent to end the day at 33,309.51. The broad-based S&P 500 surged 2.1 per cent to 4,210.24, and the tech-rich Nasdaq Composite Index surged 2.9 per cent to finish at 12,854.81.
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