SINGAPORE shares started trading in positive territory on Wednesday (Jan 22) morning, tracking overnight gains in global markets.
As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 8.82 points higher at 3,804.19. Across the broader market, gainers outnumbered losers 75 to 34 after 36.7 million securities worth S$67.5 million changed hands.
Among the actively traded counters by volume was CapitaLand Integrated Commercial Trust, which rose 1 per cent or S$0.02 to S$1.98, after 2.1 million units changed hands.
Units of Mapletree Logistics Trust were up 1.6 per cent or S$0.02 at S$1.29. Shares of Yangzijiang Shipbuilding edged up 0.4 per cent or S$0.01 to S$2.90.
Banking stocks were trading mixed at the open. DBS lost 0.5 per cent or S$0.23 to S$43.30. UOB jumped 0.7 per cent or S$0.27 to S$37.09. OCBC gained 0.5 per cent or S$0.08 to S$17.13.
Wall Street stocks ended Tuesday higher, with the S&P 500 and the Dow peaking in more than a month. This comes as investors were relieved that he did not start his second term with a slew of tariff hikes.
Trump did not provide specific plans on the universal tariffs and additional surcharges on close trade partners as previously promised, but said he was thinking about imposing duties on Canadian and Mexican goods as early as Feb 1.
The S&P 500 gained 52.58 points, or 0.9 per cent, to end at 6,049.24 points, while the Nasdaq Composite gained 126.58 points, or 0.6 per cent, to 19,756.78. The Dow Jones Industrial Average rose 537.98 points, or 1.2 per cent, to 44,025.81.
In Europe, stocks were lifted by healthcare and luxury counters. The pan-European Stoxx 600 closed up 0.4 per cent at 525.98 points – highest level in three months.
