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Friday, November 20, 2020-9: 39 am
SINGAPORE shares opened higher on Friday morning, reversing Thursday’s decline, and posted overnight gains on Wall Street.
The Straits Times Index (STI) rose 11.83 points, or 0.4 percent, to 2,788.83 at 9:02 am. The STI was down 11.59 points, or 0.4%, to 2,777 on Thursday.
The winners outnumbered the losers 97 to 26 in early trading, after 156.2 million securities worth S $ 73 million changed hands.
One of the most active accountants for the morning was Jiutian Chemical, which rose 0.3 Singapore cents or 3.3 percent to 9.3 cents, with 13.3 million shares changing hands at 9:03 a.m.
Other stocks actively traded in the morning include Genting Singapore, which rose S $ 0.01 or 1.2% to S $ 0.83, and Singapore Press Holdings, which rose S $ 0.04 or 3.8% to S $ 1.09.
The trio of local banks also rose in early trading, with DBS rising 0.7% or S $ 0.16 to S $ 24.58, OCBC rising S $ 0.06 or 0.6% to S $ 9.85 , and UOB earning S $ 0.18 or 0.8% to S $ 22.59
In the US, stocks rose higher on Thursday, as optimism about the resumption of stimulus talks in the US offset concerns about an increased number of coronavirus cases.
The Dow Jones industrial average was up 0.2 percent to 29,483.23. The broad-based S&P 500 gained 0.4 percent to 3,581.87, while the technology-rich Nasdaq Composite Index added 0.9 percent to 11,904.71.
Elsewhere in Asia, Tokyo stocks opened lower on Friday, with continued concerns about rising coronavirus cases.
The benchmark Nikkei 225 index was down 0.60 percent or 152.94 points to 25,481.40 in early trading, while the Topix index fell 0.38 percent or 6.50 points to 1,719.91.
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