Singapore shares open higher on Tuesday
Singapore equities started trading in positive territory on Tuesday (Apr 9) after global markets ended mixed overnight.
$FTSE Singapore Straits Time Index(.STI.SG$ rose 0.3 per cent or 8.07 points to 3,224.06. Gainers outnumbered losers 76 to 20 after 34.7 million securities worth S$31.5 million changed hands.
Logistics service provider $Chasen(5NV.SG$ was the most actively traded counter by volume in the morning, rising S$0.008 or 8.5 per cent to S$0.102 with 8.8 million shares moved.
Index counters $Genting Sing(G13.SG$ and $Singtel(Z74.SG$ were briskly traded as well. The integrated resort operator remained flat at S$0.91 with 4.2 million shares transacted, while the telecommunications provider added S$0.01 or 0.4 per cent to S$2.42 with four million shares changing hands.
US stocks ended Monday essentially unchanged as a solar eclipse distracted investors ahead of crucial inflation data and the kick-off of first-quarter earnings season.
$S&P 500 Index(.SPX.US$ ended 0.04 per cent or marginally lower at 5,202.39, and $Dow Jones Industrial Average(.DJI.US$ was 0.03 per cent down at 38,892.8. The tech-rich $Nasdaq Composite Index(.IXIC.US$ was nominally or 0.04 per cent higher at 16,253.96.
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