SINGAPORE stocks declined on Friday (Feb 14) morning, despite data from the Ministry of Trade and Industry showing that the city-state’s economy grew 4.4 per cent in 2024.
It announced on the same morning that Singapore’s non-oil domestic exports grew 0.2 per cent for the whole of 2024, due to higher shipments of electronic products.
As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 8.82 points lower at 3,873.76. Across the broader market, gainers outnumbered losers 70 to 41 after 90.8 million securities worth S$73.2 million changed hands.
Among the actively traded counters by volume was Mapletree Logistics Trust, which rose 0.8 per cent or S$0.01 to S$1.23, after 4.3 million units changed hands.
Genting Singapore shares were up 0.7 per cent or S$0.005 at S$0.76, while those of Seatrium fell 0.4 per cent or S$0.01 to S$2.54.
Banking stocks were trading mixed at Friday’s open. DBS lost 0.3 per cent or S$0.12 to S$44.94. UOB gained 0.1 per cent or S$0.05 to S$37.70. OCBC edged up 0.1 per cent or S$0.02 to S$17.37.
Wall Street stocks ended Thursday higher after US President Donald Trump held off immediate tariffs. The Dow Jones Industrial Average gained 0.8 per cent to 44,711.43. The broad-based S&P 500 climbed 1 per cent to 6,115.07, while the tech-rich Nasdaq Composite Index jumped 1.5 per cent to 19,945.64.
In Europe, stocks rose as investors were positive on upbeat earnings from German industrial giant Siemens, as well as signs that the Russia-Ukraine war could end soon. The pan-European Stoxx 600 closed 1.1 per cent higher at 553.75.
Copyright SPH Media. All rights reserved.
