SINGAPORE shares began Wednesday (Nov 6) trading in positive territory, mirroring overnight gains in markets abroad.
As at 9.01 am, the Straits Times Index (STI) was up 0.5 per cent or 18.37 points at 3,599.98. Across the broader market, gainers outnumbered losers 77 to 32 after 30.5 million securities worth S$58.9 million changed hands.
Media entertainment and content company MM2 Asia was the most actively traded counter by volume. It declined 5.6 per cent or S$0.001 to S$0.017, with 2.8 million securities transacted.
Other actively traded counters included Frasers Logistics and Commercial Trust, which increased 0.9 per cent or S$0.01 to S$1.07, and SingPost, which traded flat at S$0.555.
Banking stocks were mixed at Wednesday’s open. DBS fell 0.4 per cent or S$0.16 to S$38.93, while OCBC rose 0.5 per cent or S$0.07 to S$15.18, and UOB climbed 1.4 per cent or S$0.45 to S$32.58.
Wall Street stocks ended Tuesday higher in a reversal of the previous session’s losses, as voters headed to the polls for the US presidential election. The Dow Jones Industrial Average gained 1 per cent to 42,221.88, the broad-based S&P 500 rose 1.2 per cent to 5,782.76, and the tech-rich Nasdaq Composite Index climbed 1.4 per cent to 18,439.17.
European shares edged up on Tuesday as investors kept their fingers on the pulse of the US presidential election. Led by gains in industrials, the pan-European Stoxx 600 Index scraped minor gains, rising 0.1 per cent to 509.53.
