SINGAPORE equities started Wednesday (Jun 12) morning on a strong footing, amid mixed global performance overnight.
As at 9.01 am, the Straits Times Index (STI) opened 0.3 per cent or 11.27 points higher at 3,320.48. Across the broader market, gainers outnumbered losers 64 to 43 after 55.6 million securities worth S$75.2 million changed hands.
The most actively traded counter by volume was Thai Beverage, which fell 4.9 per cent or S$0.025 to S$0.485, with 20 million shares changing hands.
Other heavily traded securities included Singtel, which rose 0.8 per cent or S$0.02 to S$2.58.
Shares of Yoma Strategic also increased 0.9 per cent or S$0.001 to S$0.111. This comes after its response to the Singapore Exchange Regulation’s queries on the unusual trading activity of its shares.
The Myanmar-focused conglomerate on Tuesday said it was unaware of any reasons for such trading except for the May 29 release of its FY2024 results, as well as subsequent reports and media articles.
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Banking stocks were trading higher at the open. DBS rose 0.5 per cent or S$0.16 to S$35.71. OCBC gained 1.1 per cent or S$0.16 to S$14.35. UOB increased 0.8 per cent or S$0.25 to S$30.82.
Wall street stocks ended mixed on Tuesday, following a rise in Apple shares after the tech giant revealed plans for artificial intelligence.
The tech-rich Nasdaq Composite Index finished at 17,343.55, up 0.9 per cent, a second straight record close. The S&P 500 also finished at an all-time high, winning 0.3 per cent to 5,375.32, while the Dow Jones Industrial Average fell 0.3 per cent to 38,747.42.
European shares closed lower as banks across the continent fell amid political uncertainties in France, and investors bracing for the US Federal Reserve’s monetary policy meeting later this week.
The pan-European Stoxx 600 closed 0.9 per cent lower at 517.29.
