Singapore shares track global rally on Wednesday
Singapore stocks rose on Wednesday (Mar 13) morning, mirroring overnight gains in US and European markets following the release of Federal Reserve inflation data.
As at 9.01 am, $FTSE Singapore Straits Time Index(.STI.SG$ rose 7.53 points or 0.2 per cent to 3,149. Across the broader market, gainers outnumbered losers 70 to 44 after 36 million securities worth S$50.2 million changed hands.
$Seatrium(S51.SG$ was the most heavily traded counter by volume. It climbed S$0.001 or 1.1 per cent to S$0.093 after 4.9 million securities were transacted.
Other companies that were briskly transacted included $Genting Sing(G13.SG$ which remained unchanged at S$0.90, and $ThaiBev(Y92.SG$ which rose S$0.005 or 1 per cent to S$0.51.
US equities finished keenly higher at Tuesday’s close as traders were unfazed by a higher-than-anticipated inflation report and plunged back into tech shares.
$Dow Jones Industrial Average(.DJI.US$ rose 0.6 per cent to the 39,005.49 mark. The broad-based $S&P 500 Index(.SPX.US$ climbed 1.1 per cent to 5,175.27, while the tech-heavy $Nasdaq Composite Index(.IXIC.US$ advanced more than 1.5 per cent to close at 16,265.64.
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Bojuat : Heavy shortings ? ?
Bojuat : What’s up ? Ridiculous volume at matching close !