SINGAPORE equities began trading in positive territory on Friday (Jun 7), as US investors wait crucial payrolls data and the European Central Bank (ECB) cuts lending rates.
As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 5.41 points higher at 3,336.22. Across the broader market, gainers outnumbered losers 47 to 28 after 27.7 million securities worth S$48.3 million changed hands.
The most actively traded counter by volume was Jasper Investments : FQ7 0% with 11.9 million shares traded. The counter opened 50 per cent or S$0.002 higher at S$0.006.
Singtel : Z74 0% shares were briskly transacted as well, inching down 0.4 per cent or S$0.01 to S$2.52. Thai Beverage : Y92 0% fell 1 per cent or S$0.005 to S$0.505.
Banking stocks traded higher at the opening bell. DBS : D05 0% climbed 0.4 per cent or S$0.15 to S$35.65. OCBC : O39 0% rose 0.1 per cent or S$0.02 to S$14.32, and UOB : U11 0% increased 0.1 per cent or S$0.04 to S$30.81.
Performances from US stocks were mixed on Thursday, ahead of a key labour market report. The S&P 500 lost 0.02 per cent to end at 5,352.96, while the Nasdaq lost 0.1 per cent to 17,173.12. The Dow Jones Industrial Average gained 0.2 per cent to 38,886.17.
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European shares closed higher after the ECB cut lending rates for the first time since 2019, but left the timing of future moves unclear. The pan-European Stoxx 600 closed 0.7 per cent higher at 524.68, off record-high levels hit earlier in the session.
