Singapore shares rise at Friday’s open
Singapore shares were pulled into positive territory on Friday (Dec 9) morning, mirroring Wall Street stocks’ overnight advances.
$FTSE Singapore Straits Time Index(.STI.SG$ rose 0.3 per cent or 9.93 points to 3,246.01 as at 9.02 am. Gainers outnumbered losers 91 to 32 after 56.9 million shares worth S$54 million changed hands.
$海庭(S51.SG$ was the top traded counter by volume with 19.3 million shares traded, gaining 2.8 per cent or S$0.004 to S$0.146. Real estate company $Pollux Prop(5AE.SG$ was the runner-up by volume, with 2.8 million shares traded, gaining 6.5 per cent or S$0.003 to S$0.049 as at 9.02 am.
Among index counters, $ThaiBev(Y92.SG$ posted a 0.8 per cent or S$0.005 rise to S$0.66, with two million shares changing hands.
Wall Street stocks shrugged off recent weakness and pushed higher on Thursday as tech shares rallied and the S&P 500 snapped a five-day losing streak, amid recession worries and fears that the US Federal Reserve will maintain its aggressive posture to counter surging inflation.
$S&P 500 Index(.SPX.US$ up 0.8 per cent at 3,963.51, its first positive session since Nov 30. $Dow Jones Industrial Average(.DJI.US$ rose 0.6 per cent to 33,781.48, while the tech-rich $Nasdaq Composite Index(.IXIC.US$ jumped 1.1 per cent to 11,082.
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