Singapore shares rise at Thursday’s open
Singapore shares rose at the opening bell on Thursday (Mar 7) morning, tracking overnight gains in global markets.
$FTSE Singapore Straits Time Index(.STI.SG$ gained 0.1 per cent or 3.03 points to 3,139.17 as at 9.01 am. Across the broader market, gainers outnumbered losers 55 to 28 after 25.7 million securities worth S$27.3 million changed hands.
$Seatrium(S51.SG$ was the most heavily traded counter by volume. It gained 1.1 per cent or S$0.001 to S$0.092 after 9.2 million securities were transacted.
Other companies that were briskly traded included $YZJ Shipbldg SGD(BS6.SG$ , which rose 1.1 per cent or S$0.02 to S$1.80 after 2.3 million shares changed hands, as well as $ESR-LOGOS REIT(J91U.SG$ which traded flat at S$0.305 with 1.6 million shares transacted.
On Wall Street, stocks regained some ground on Wednesday, while traders kept watch on the congressional testimony of Federal Reserve chair Jerome Powell.
$Dow Jones Industrial Average(.DJI.US$ rose 0.2 per cent to 38,661.05, while the broad-based $S&P 500 Index(.SPX.US$ jumped 0.5 per cent to 5,104.76. The tech-rich $Nasdaq Composite Index(.IXIC.US$ gained 0.6 per cent to close at 16,031.54.
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