Singapore shares open higher on Monday
Singapore stocks started the week on a positive note after Wall Street ended its last trading session higher.
As at 9.01 am on Monday (Aug 28) $FTSE Singapore Straits Time Index(.STI.SG$ rose 17.21 points or 0.5 per cent to 3,207.09. Across the broader market, gainers outnumbered losers 85 to 32 after 58.1 million securities worth S$34.2 million changed hands.
The most actively traded counter by volume was $Seatrium(S51.SG$ , which rose S$0.001 or 0.7 per cent to S$0.143 with 27.7 million shares transacted.
$ThaiBev(Y92.SG$ , another index counter, was trading S$0.005 or 0.9 per cent higher at S$0.575 amid brisk trading as well.
Following the release of its full year results in the morning, building maintenance company $ISOTeam(5WF.SG$ added S$0.002 or 4.4 per cent to reach S$0.047.
US equities concluded a volatile session higher on Friday as investors digested comments from Fed chair Jerome Powell that the US central bank may need to raise interest rates further to ensure inflation is contained.
$S&P 500 Index(.SPX.US$ was up 29.01 points, or 0.7 per cent, to 4,405.32. $Nasdaq Composite Index(.IXIC.US$ gained 125.16 points or 0.9 per cent to 13,589.13, while $Dow Jones Industrial Average(.DJI.US$ rose 244.58 points or 0.7 per cent to 34,344.00.
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