SINGAPORE shares began Monday (Oct 28) trading in positive territory as overseas markets clocked mixed results over the weekend.
As at 9.03 am, the Straits Times Index (STI) was up 0.1 per cent or 2.85 points to 3,596.26. Across the broader market, gainers outnumbered losers 63 to 55 after 48.2 million securities worth S$52 million changed hands.
Real estate development and entertainment company KOP was the most actively traded counter by volume, rising 27 per cent or S$0.01 to S$0.047 with 5.6 million securities switching hands.
Other actively traded counters included investment holding company CapAllianz which traded down 50 per cent or S$0.001 to S$0.001 and e-commerce company Y Ventures which traded flat at S$0.009.
Banking stocks were mostly trading up at open. DBS was up by 0.03 per cent or S$0.01 at S$39.16 and OCBC was trading up 0.2 per cent or S$0.03 at S$15.35, while UOB traded flat at S$32.49.
Wall Street stocks ended Friday mixed ahead of the US presidential election and as investors anticipated major economic data and earnings from tech giants including Apple and Facebook parent Meta.
The Dow Jones Industrial Average closed down 0.6 per cent at 42,114.40 and the broad-based S&P 500 fell less than 0.1 per cent and closed at 5,808.12. The tech-rich Nasdaq Composite Index rose 0.6 per cent to 18,518.61.
European shares were muted and set for a weekly fall as weak earnings from auto-related companies dampened investor sentiment. The pan-European Stoxx 600 closed less than 0.1 per cent lower at 518.81.
