Singapore stocks rise at Monday’s open

$FTSE Singapore Straits Time Index(.STI.SG)$ rose 3.56 points or 0.1 per cent to 3,180.07. Across the broader market, advancers outnumbered decliners 79 to 36 after 38 million securities worth S$47.3 million changed hands.

$Seatrium(S51.SG)$ was the most heavily traded counter by volume. The counter remained unchanged at S$0.077, after 12.6 million securities were transacted.

Other counters that were briskly traded included $Genting Sing(G13.SG)$ which was up 0.5 per cent or S$0.005 at S$0.925, after 1.8 million shares changed hands, and $King Wan(554.SG)$ which traded flat at S$0.027, after 1.5 million securities were exchanged.

Over on Wall Street, the Nasdaq and the S&P 500 closed in the red on Friday, partially attributed by analysts to $Netflix(NFLX.US)$ ’s lower than expected financial earnings. The tech-heavy $Nasdaq Composite Index(.IXIC.US)$ dipped 2.1 per cent to 15,282.01, while the broad-based $S&P 500 Index(.SPX.US)$ declined 0.9 per cent to 4,967.23.

$Dow Jones Industrial Average(.DJI.US)$ was partially boosted by hotter than expected first-quarter financial results from payments company American Express, closing up 0.6 per cent at 37,986.40.