Singapore shares rise at Monday’s open
Singapore stocks were pulled into positive territory on Monday (Jan 22), after Wall Street equities rallied overnight.
$FTSE Singapore Straits Time Index(.STI.SG$ rose 0.2 per cent or 4.93 points to 3,157.22 as at 9.01 am. Across the broader market, gainers outnumbered losers 99 to 26 after 43.6 million securities worth S$41 million changed hands.
$海庭(S51.SG$ was the most heavily traded counter by volume. Its share price remained flat at S$0.112 after 20.6 million securities were transacted.
Other companies that were briskly traded included $Singtel(Z74.SG$ , which remained unchanged at S$2.40, as well as $Matex Intl(M15.SG$ , which rose 3.9 per cent or S$0.001 to S$0.027.
Stocks on Wall Street rallied at Friday’s close, with $S&P 500 Index(.SPX.US$ and $Dow Jones Industrial Average(.DJI.US$ hitting fresh records. The broad-based $S&P 500 Index(.SPX.US$ advanced 1.2 per cent to close at 4,839.81, surpassing its last all-time high set in 2022. $Dow Jones Industrial Average(.DJI.US$ gained 1.1 per cent to 37,863.8, while the tech-heavy $Nasdaq Composite Index(.IXIC.US$ surged 1.7 per cent to end at 15,310.97.
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