[ad_1]
Wed, Sep 16, 2020-9: 43 am
SINGAPORE shares began trading in slightly positive territory Wednesday morning, with the Straits Times Index (STI) gaining 7.65 points or 0.3 percent to 2,493.48 at 9:02 AM.
The winners outnumbered the losers 79 to 33, after 38.5 million securities worth S $ 35.5 million changed hands.
The most traded accountant by volume was China Environment Resources, which gained 0.3 Singapore cents or 23.1 percent to 1.6 cents, with about 18.7 million shares traded.
After several days of strong trading and new plumbing lows, Sembcorp Marine rose 0.2 Singapore cents or 1.2 percent higher to 16.5 cents, with about 17.5 million shares traded.
Meanwhile, the trio of local moneylenders was downsized in early trading. UOB fell S $ 0.12 or 0.6 percent to S $ 19.30, DBS lost S $ 0.04 or 0.2 percent to S $ 20.31, while OCBC fell S $ 0.05 or 0.6 percent to Singapore $ 8.51.
Singapore banks stick to their hiring plans even as the UOB has instituted a pay freeze at this time. The Business Times reported Wednesday.
Other active stocks included Yangzijiang Shipbuilding, which gained 2.5 Singapore cents or 2.5 percent at 1.01 Singapore dollars.
Sembcorp Industries added S $ 0.03 or 2.4 percent to S $ 1.26. The accountant was the top earner among STI constituents from Tuesday’s closing bell.
On Wall Street, tech stocks drove US stocks higher on Tuesday, with Apple launching new products and as markets regained some ground after a two-week slide.
The technology-rich Nasdaq Composite Index led the major indices, advancing 1.2 percent to 11,190.32. The Dow Jones Industrial Average finished a hair at 27,995.60, while the broad-based S&P 500 added 0.5 percent to 3,401.20.
European shares rose on Tuesday, with the pan-European Stoxx 600 gaining 0.7 percent to hit a three-week high as retail and mining stocks rose.
Elsewhere in Asia, Tokyo shares opened lower on Wednesday as investors turned away from major moves ahead of a Federal Reserve decision and with Prime Minister Shinzo Abe’s successor preparing to take office.
The benchmark Nikkei 225 Index fell 0.1 percent or 23.73 points to 23,431.16, while the broader Topix Index lost 0.2 percent or 2.91 points to 1,637.93.
[ad_2]
