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Mon, Nov 02, 2020-9: 53 am
UPDATED Mon, 02 Nov 2020 – 10:44 am
SINGAPORE shares rose at the opening bell on Monday after closing lower last Friday.
The Straits Times Index (STI) gained 4.45 points, or 0.2 percent, to 2,428.29 at 9.10 a.m. M.
The losers outnumbered the winners 94 to 63, after 89.3 million securities worth S $ 74.7 million changed hands.
Sembcorp Marine was among the most traded accountants by volume, falling 0.2 Singapore cents or 1.7 percent to 11.8 cents on 5.3 million shares traded.
Mainboard-listed agribusiness group Wilmar International was the most traded accountant by value, increasing from S $ 0.07 or 1.7% to S $ 4.11 after 2.7 million shares changed shares. hands.
The company said Friday that its net profit rose 20 percent year-on-year to $ 536.6 million for the third quarter. It also proposed a special dividend to its shareholders to commemorate the market debut of its Chinese unit Yihai Kerry Arawana.
On the other hand, Singapore Telecommunications held steady at S $ 2.03 after 1.4 million shares changed hands. The telecommunications company said on Monday that its wholly-owned Australian subsidiary Optus Mobile plans to shell out about A $ 250 million (S $ 239.7 million) to acquire Amaysim Australia’s mobile services business, before the latter ends. .
Newly listed Nanofilm Technologies built on last week’s earnings, climbing S $ 0.04 or 1.4% to S $ 2.95 on Monday after 911,600 shares changed hands.
Meanwhile, DBS fell S $ 0.05 or 0.3% to S $ 20.30, UOB fell S $ 0.02 or 0.1% to S $ 18.97, while OCBC was unchanged at S $ 8.42. All three banks will report their third-quarter results this week.
US stocks ended their worst week and month since March on a dejected note on Friday, falling further as investors worried about rising coronavirus cases and Tuesday’s high-stakes presidential election.
The Dow Jones Industrial Average lost 0.6% to close the week at 26.501.60. The broad-based S&P 500 fell 1.2 percent to 3,269.96, while the technology-rich Nasdaq Composite Index fell 2.5 percent to 10,911.59.
In other parts of Asia, Tokyo shares opened higher on Monday. The benchmark Nikkei 225 Index was up 0.6 percent or 139.86 points to 23,116.99 in early trading, while the broader Topix Index gained 1 percent or 16.37 points to 1,595.70.
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