Singapore stocks open higher on Wednesday
$FTSE Singapore Straits Time Index(.STI.SG$ was up 0.1 per cent or 1.87 points to 3,311.43 as at 9.02 am. Losers outnumbered gainers 59 to 44, after 53 million securities worth S$46.1 million changed hands.
The most active counter by volume was $Kep Infra Tr(A7RU.SG$ , which fell 3.9 per cent or S$0.02 to S$0.495 with 11.2 million shares traded.
This comes after the trust announced on Wednesday morning that it has closed its private placement exercise at S$0.477 apiece. The Reit expects to raise approximately S$183 million when the placement exercise is complete. Proceeds raised will be used for partial repayment of bridge facilities, as well as to pay for fees and expenses incurred from the exercise.
Other heavily traded securities included index-listed $Mapletree Log Tr(M44U.SG$ , which was down 0.6 per cent or S$0.01 to S$1.76, with 1.5 million shares traded, as well as construction group $Wee Hur(E3B.SG$ , which fell 5.2 per cent or S$0.01 to S$0.184, with 1.5 million shares traded.
Wall Street stocks finished little changed on Tuesday, following a flattish day of mixed bank earnings and good Chinese economic data.
$Dow Jones Industrial Average(.DJI.US$ ended down less than 0.1 per cent to 33,976.63. The broad-based $S&P 500 Index(.SPX.US$ added 0.1 per cent at 4,154.87, while the tech-rich $Nasdaq Composite Index(.IXIC.US$ slipped less than 0.1 per cent at 12,153.41.
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