Singapore stocks open higher on Tuesday
Singapore shares opened higher on Tuesday (May 30) after European markets ended mixed amid concerns over the US debt deal and rate hike possibility.
$FTSE Singapore Straits Time Index(.STI.SG$ was up 2.47 points or 0.1 per cent to 3,197.69. Across the broader market, gainers outnumbered losers 63 to 37 after 41.6 million securities worth S$38.5 million changed hands.
$Ley Choon(Q0X.SG$ was the top traded counter by volume, rising 16.7 per cent or S$0.003 to S$0.021 with 4.3 million shares changing hands.
Index counter $CapLand IntCom T(C38U.SG$ saw brisk trading, with its unit price rising 1 per cent or S$0.02 to S$2.02. Meanwhile, $Thomson Medical(A50.SG$ lost 1.6 per cent or S$0.001 to S$0.06.
US indices were closed on Monday in observance of a public holiday.
With losses registered in technology and bank stocks, the pan-European Stoxx 600 index closed 0.1 per cent lower or 0.54 points to 460.87 on Monday, as investors mulled over a possible hard landing in the US, high inflation and expected rate hikes.
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