Singapore stocks little changed at Friday’s open
Singapore shares opened muted on Friday (Apr 12) morning, following data released on economic growth and the Republic’s central bank standing pat on its monetary policy settings.
To recap, Singapore’s gross domestic product grew 2.7 per cent year on year in the first quarter of 2024, but just 0.1 per cent sequentially, based on advance estimates from the Ministry of Trade and Industry.
The Monetary Authority of Singapore also left its monetary policy for April unchanged during its monetary policy review, in line with market expectations.
$FTSE Singapore Straits Time Index(.STI.SG$ rose 1.15 points or 0.04 per cent to 3,228.76. Across the broader market, gainers outnumbered losers 60 to 39 after 45.2 million securities worth S$51.3 million changed hands.
$MarcoPolo Marine(5LY.SG$ was the most heavily traded counter by volume. The counter was up 3 per cent or S$0.002 at S$0.068, after 9.9 million securities were transacted.
Other counters that were briskly traded included $BeverlyJCG(9QX.SG$ which climbed 8.3 per cent or S$0.001 to S$0.013, after 6.4 million shares changed hands, and $King Wan(554.SG$ which rose 7.7 per cent or S$0.002 to S$0.028, after 4.8 million securities were moved.
Over on Wall Street, tech shares boosted US equities on Thursday amid mixed US inflation data. The tech-heavy $Nasdaq Composite Index(.IXIC.US$ advanced 1.7 per cent to 16,442.20, and the broad-based $S&P 500 Index(.SPX.US$ climbed 0.7 per cent to 5,199.06. $Dow Jones Industrial Average(.DJI.US$ closed 0.01 per cent lower at 38,459.08.
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