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Wed, Sep 30, 2020-9: 39 am
SINGAPORE shares opened higher on Wednesday, with the benchmark Straits Times Index (STI) gaining 0.2 percent or 3.91 points to 2,475.52 as of 9:04 am.
The winners outnumbered the losers from 69 to 57, after 78.2 million securities worth S $ 166 million changed hands.
Among the most active accountants by volume was Singapore Telecommunications, which lost 0.5 percent or S $ 0.01 to S $ 2.09, with 8.3 million shares traded.
Also heavily traded were Sembcorp Marine, which was unchanged at 14.4 Singapore cents with about 4.5 million shares changing hands, and Genting Singapore, which was unchanged at 67.5 cents, with around four million. of shares traded.
The three banks all raised in the first trades. DBS gained 0.5 percent or S $ 0.10 to S $ 20.08. The lender announced on Tuesday that it will redeem all of its outstanding S $ 800 million preferred shares on November 23. Separately, it said it will integrate its rewards app, DBS Lifestyle, into DBS PayLah. application for the next few months.
OCBC was up 1% or S $ 0.09 to S $ 8.54, while the UOB fell 0.2% or S $ 0.03 to S $ 19.16.
Other active index accountants include Keppel Corporation, which advanced 3.5 percent or S $ 0.15 to S $ 4.45. Keppel CEO Loh Chin Hua said the company has identified assets valued at S $ 17.5 billion that can “be monetized over time and funneled into growth initiatives.”
The Singapore Stock Exchange gained 0.6 percent or S $ 0.05 to S $ 9.18. Wilmar International lost 0.2% or S $ 0.01 to S $ 4.41.
In the United States, Wall Street stocks fell on Tuesday after two positive sessions, as investors took in the latest effort to try to revive the Washington stimulus talks amid caution before the first presidential debate.
European stocks fell on Tuesday after strong gains in the previous session, and the banking, energy and insurance sectors fell as coronavirus cases increased globally.
Elsewhere in Asia, Tokyo stocks opened lower on Wednesday, following declines on Wall Street as investors waited for the first US presidential debate later in the morning for new trading signals.
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