Singapore stocks flat at Monday’s open
Singapore stocks remained relatively unchanged on Monday (Jan 29) following updates from the Monetary Authority of Singapore (MAS) that it will leave monetary policy settings unchanged.
On Monday morning, MAS announced that it will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, extending the pause from its 2023 meetings, in line with market expectations.
$FTSE Singapore Straits Time Index(.STI.SG$ gained a marginal 0.01 per cent or 0.41 point to reach 3,159.94 as at 9.01 am.
Across the broader market, gainers outnumbered losers 57 to 42, after 32.9 million securities worth S$37.5 million changed hands.
$Golden Agri-Res(E5H.SG$ was the most actively traded counter by volume in the morning, with 3.6 million shares changing hands. It rose 1.9 per cent or S$0.005 to S$0.27.
Stocks on Wall Street finished mixed on Friday, ending the S&P 500‘s streak of records following moderate inflation data and uneven corporate earnings.
$Dow Jones Industrial Average(.DJI.US$ climbed 0.2 per cent to 38,109.43, eking out a fresh record. But, $S&P 500 Index(.SPX.US$ slipped 0.1 per cent to 4,890.97, snapping a four-day streak of records. The tech-rich $Nasdaq Composite Index(.IXIC.US$ dropped 0.4 per cent to 15,455.36.
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