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Thursday, November 12, 2020-9: 52 am
SINGAPORE shares opened higher on Thursday, following overnight Wall Street gains as technology stocks rallied.
The Singapore Straits Times Index (STI) rose 0.2 percent or 5.69 points to 2,718.97 at 9:04 a.m. M.
The winners outnumbered the losers from 98 to 47, or roughly two stocks for each drop, after 141.1 million stocks worth S $ 122.2 million changed hands.
One of the most active accountants by volume was Yangzijiang Shipbuilding, which fell 1.6 percent or 1.5 Singapore cents to 92 cents, with 10 million shares traded.
Other securities heavily traded included Sembcorp Marine, which was flat at 12.9 Singapore cents with 3.3 million shares traded, as well as Singtel, which was unchanged at S $ 2.23 with three million shares. negotiated.
On Thursday, the telecommunications company posted a net profit of S $ 466.1 million for the six months ended September 30, 2020, reversing a net loss of S $ 127 million a year ago.
Hyphens Pharma International was down 6.6 percent or 2.5 Singapore cents to 35.5 cents. The consumer health care and pharmaceutical group said Wednesday that its net profit for the third quarter fell 53 percent year-on-year to S $ 847,000.
Fraser and Neave rose 3.3 percent or $ 0.04 to $ 1.26. On Wednesday, the company posted a drop in volumes from its soft drink and publishing businesses that weighed on the beverage giant’s full-year revenue, which fell 3.6 percent to S $ 1.83 billion. Net income fell 2.1 percent to S $ 149.2 million.
The banking actions were mixed in the first operations. DBS was down 0.2 percent or $ 0.05 at $ 24.35, UOB was up 0.9 percent or $ 0.19 at $ 21.64, while OCBC was up 0.7 percent or $ 0.07 at $ 9.67.
Other active index accountants included Ascendas Real Estate Investment Trust, which was flat at S $ 3.03, and Singapore Airlines, which advanced S $ 0.5 percent or S $ 0.02 at S $ 3.94.
In the U.S., the Nasdaq closed up 2 percent on Wednesday as investors turned back to tech stocks and turned away from economically sensitive sectors as they weighed the progress of the Covid-19 vaccine against a rise in the virus and the possible timing of an economic rebound.
The Dow Jones Industrial Average fell 0.1% to 29,397.63, the S&P 500 was up 0.8% to 3,572.66 and the Nasdaq Composite added 2% to 11,786.43.
Elsewhere in Asia, Tokyo’s benchmark Nikkei 225 Index rose 0.6 percent to 25,502.45 in early trading, while the broader Topix Index fell 0.1 percent to 1,727.87.
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