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Thursday, October 1, 2020-9: 32 am
SINGAPORE shares fell into positive territory on Thursday, with the benchmark Straits Times Index (STI) gaining 12.45 points or 0.5 percent to 2,479.07 at 9 a.m. M.
The winners outnumbered the losers 76 to 28, after 48.5 million securities worth S $ 34.9 million changed hands.
Among the most traded securities, Sembcorp Marine gained 0.4 Singapore cents or 2.7 percent at 15 cents, with 4.7 million shares traded. The stock also rose on Wednesday as investors appeared to see a greater possibility of a highly speculated maritime and offshore merger.
Meanwhile, Singapore Telecommunications held steady at S $ 2.12, with 1.6 million shares traded. The telecommunications company announced Thursday that its group chief executive officer (CEO), Chua Sock Koong, will retire after 31 years with the company, effective January 1, 2021. Yuen Kuan Moon, CEO of Singtel’s Singapore Consumer Business and official digital director, will succeed her.
The trio of local moneylenders increased in the first deals. DBS gained S $ 0.17 or 0.9% to S $ 20.08, UOB added S $ 0.17 or 0.9% to S $ 19.20, while OCBC rose S $ 0.12 or 1, 4% at S $ 8.54.
Other active accountants included the Singapore Stock Exchange, which fell 0.11 Singapore dollars or 1.2 percent to 9.04 Singapore dollars on an ex-dividend basis.
The units of CapitaLand Retail China Trust (CRCT) advanced S $ 0.02 or 1.8 percent to S $ 1.13. This comes after the CRCT manager said on Wednesday that it will expand its investment strategy beyond the retail sector to include assets that are used for offices and industrials.
On Wall Street, stocks rose Wednesday on positive US economic data and stimulus talks in Washington, as investors looked past a contentious presidential debate between President Donald Trump and former Vice President Joe Biden.
European stocks ended a choppy September with a groan, closing almost unchanged on Wednesday. Continental stocks trimmed their morning losses and the pan-European Stoxx 600 ended the day 0.1% lower, while eurozone stocks fell 0.3%.
Elsewhere in Asia, a technical glitch forced a halt to all trading on the Tokyo stock exchanges on Thursday, with no information on when activity would resume, the stock trader said.
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