SINGAPORE shares started trading in positive territories on Thursday (Feb 6), mirroring global markets.
As at 9.01 am, the Straits Times Index (STI) was up 0.4 per cent or 16.69 points higher at 3,832.06. Across the broader market, gainers outnumbered losers 78 to 30 after 30.9 million securities worth S$79 million changed hands.
Among the actively traded counters by volume was Mapletree Pan Asia Commercial Trust, which rose 0.9 per cent or S$0.01 to S$1.19, after 2.3 million units changed hands.
Shares of Genting Singapore increased 0.7 per cent or S$0.005 to S$0.75. Units of Mapletree Industrial Trust gained 0.5 per cent or S$0.01 to S$2.11.
Local banking stocks were trading in positive territories. DBS shares were up 0.5 per cent or S$0.21 at S$44.53. OCBC shares rose 0.8 per cent or S$0.14 to S$17.31 while, UOB shares gained 0.2 per cent or S$0.06 to S$37.26.
Wall street stocks finished higher on Wednesday. The Dow Jones Industrial Average rose 0.7 per cent to 44,873.28, while the broad-based S&P 500 climbed 0.4 per cent to close at 6,061.48. The tech-rich Nasdaq Composite Index edged up 0.2 per cent to 19,692.33.
The rise was propelled by resurgent optimism about AI, and fading concern about the economic threat posed by US President Donald Trump’s tariffs.
In Europe, shares ended Wednesday higher as a rise in healthcare companies following their upbeat quarterly results offset losses in carmaker stocks. The pan-European Stoxx 600 index settled up 0.5 per cent at 538.56 points.
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