Singapore shares muted at Thursday’s open
Singapore shares entered Thursday’s (Mar 28) morning session barely moved, as gains from travel and hospitality-related index counters clashed with a weaker showing from banks.
$FTSE Singapore Straits Time Index(.STI.SG$ edged up 0.03 per cent or 0.98 point to 3,252.69 as at 9.02 am. Across the broader market, gainers outnumbered losers 72 to 38, after 35 million securities worth S$63.3 million changed hands.
The most active counter by volume was $Singtel(Z74.SG$ , which lost 0.4 per cent, or S$0.01 to S$2.53 with 4.6 million shares traded.
Other heavily traded securities included $Genting Sing(G13.SG$ , which added 1.7 per cent or S$0.015 to S$0.905 with 4.5 million shares traded, and $Mapletree Log Tr(M44U.SG$ , which held steady at S$1.46 with 1.8 million units changing hands.
Other active index counters included $SIA(C6L.SG$ , which gained 0.9 per cent or S$0.06 to S$6.47, and $SATS(S58.SG$ , which climbed 1.2 per cent or S$0.03 to S$2.56.
Wall Street stocks rebounded on Wednesday, with the S&P 500 finishing at a record high.
The broad-based $S&P 500 Index(.SPX.US$ closed at 5,248.49, up 0.9 per cent, and $Dow Jones Industrial Average(.DJI.US$ ended 1.2 per cent higher at 39,760.08. The tech-rich $Nasdaq Composite Index(.IXIC.US$ rose 0.5 per cent to 16,399.52.
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