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Singapore stocks rise at Monday’s open

Singapore stocks started the week higher, after Wall Street stocks retreated while European shares hit their highest in over a year.
$FTSE Singapore Straits Time Index(.STI.SG)$ rose 0.3 per cent or 8.52 points to 3,311.18 as at 9.01 am on Monday (Apr 17). Across the broader market, gainers outnumbered losers 61 to 45 after 35.3 million securities worth S$35.1 million changed hands.
The most active counter by volume was $胜科海事(S51.SG)$ , with 7.5 million shares changing hands at the open. The counter was down 0.9 per cent or S$0.001 to S$0.117.
$Medtecs Intl(546.SG)$ was also among the top five actively traded counters in terms of volume, with its shares up 3.2 per cent or S$0.006 to S$0.193 in early trade.
The top traded index counter on Monday morning was $Singtel(Z74.SG)$ , which rose 0.8 per cent or S$0.02 to S$2.52.
Major US indices were in the red on Friday after poor US retail sales figures offset surprisingly good bank earnings.
$Dow Jones Industrial Average(.DJI.US)$ dipped 0.4 per cent to 33,886.47. The broad-based $S&P 500 Index(.SPX.US)$ fell 0.2 per cent to 4,137.64, while the tech-rich $Nasdaq Composite Index(.IXIC.US)$ was down 0.4 per cent to 12,123.47.
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