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Tue, September 15, 2020-9: 36 am
SINGAPORE shares rose on Tuesday, with the benchmark Straits Times Index (STI) gaining about 0.2 percent or 5.41 points to 2,487.96 as of 9:05 a.m.
The winners outnumbered the losers from 95 to 29, after 95 million securities worth S $ 47.3 million changed hands.
The most active stock by volume was Sembcorp Marine, which rose 1.9 percent or 0.3 Singapore cents to 16.5 cents after 28.3 million shares changed hands at 9.05 a.m. The counter posted strong trade Monday as the offshore and marine engineering group completed its S $ 2.1 billion recapitalization exercise.
Singapore’s telecoms were also heavily traded, losing 0.5 percent or S $ 0.01 to S $ 2.22, with 2.4 million shares traded, while Genting Singapore gained 1.5 percent or S $. S $ 0.01 to S $ 0.68, with 1.2 million shares traded.
All Singapore banks posted profits on Tuesday morning. DBS was up 0.1 percent or $ 0.01 at $ 20.47, while OCBC was up 0.1 percent or $ 0.01 at $ 8.57. UOB earned 0.4 percent or $ 0.08 to $ 19.45.
Other index accountants active at Tuesday’s open included Keppel Corporation, which fell 0.5 percent or S $ 0.02 to S $ 4.14. Wilmar International fell 0.7 per cent or S $ 0.03 to S $ 4.12, while the Singapore Stock Exchange gained 0.1 per cent or S $ 0.01 to S $ 8.53.
In the US, Wall Street enjoyed solid gains on Monday, fueled by hopes for the coronavirus vaccine and big deals. Trials with one of the more advanced vaccines resumed at the weekend after a hiatus when a volunteer fell ill.
Europe’s Stoxx 600 rose a bit higher on Monday, as surging travel and tech stocks helped offset losses in the energy sector, and investors focused on Brexit-related developments and bank stocks. central later this week.
Elsewhere in Asia, Tokyo shares opened lower on Tuesday as investors turned a profit after three days of rallies and investors digested the new government that will be formed later this week.
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