Singapore stocks open higher on Thursday
Singapore shares opened higher on Thursday (Jun 15), following the decision to pause the interest rate hike by the US Federal Reserve.
$FTSE Singapore Straits Time Index(.STI.SG$ was up 4.1 points or 0.1 per cent to 3,222.24 as at 9.02 am. Across the broader market, losers were closely matched with gainers at 62 to 61 after 129.8 million securities worth S$99.7 million changed hands.
$Seatrium(S51.SG$ was actively traded in terms of volume, losing 1.6 per cent or S$0.002 to S$0.126 with 88.8 million shares changing hands at the open.
Index counter $Singtel(Z74.SG$ rose 1.2 per cent or S$0.03 to S$2.52, with three million shares transacted.
Wall Street indices were mixed at Wednesday’s close, with the Fed maintaining current interest rates but signalling borrowing costs might increase to resolve the slower decline in inflation.
$Dow Jones Industrial Average(.DJI.US$ dropped 0.7 per cent or 232.79 points to 33,979.33. The broad-based $S&P 500 Index(.SPX.US$ added 0.1 per cent or 3.58 points at 4,372.59, while the tech-rich $Nasdaq Composite Index(.IXIC.US$ climbed 0.4 per cent to 13,626.48.
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