SINGAPORE stocks started trading in positive territory on Tuesday (Jul 30). This comes ahead of a key US Federal Reserve meeting.
As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 5.3 points higher at 3,449.48. Across the broader market, losers outnumbered gainers 60 to 42 after 45.9 million securities worth S$33.6 million changed hands.
One of the most actively traded counters by volume was Mapletree Logistics Trust, which fell 0.8 per cent or S$0.01 to S$1.29, with three million shares changing hands.
Other heavily traded securities included Genting Singapore, which rose 0.6 per cent or S$0.005 to S$0.855. Seatrium was up 0.6 per cent at S$1.63, with 2.4 million shares traded.
Banking stocks were trading mixed at the open. DBS rose 0.7 per cent or S$0.25 to S$36.58. OCBC increased 0.4 per cent or S$0.06 to S$14.83. UOB fell 0.5 per cent or S$0.15 to S$32.25.
Wall Street stocks ended little changed on Monday following a choppy session and upcoming releases of major tech earnings, and a Federal Reserve decision.
The tech-rich Nasdaq Composite Index inched up 0.1 per cent at 17,370.2. The Dow Jones Industrial Average finished down 0.1 per cent at 40,539.93, while the broad-based S&P 500 added 0.1 per cent to close at 5,463.54.
In Europe, investors remained risk averse at the start of an earnings-packed week, while global risk events such as the upcoming Fed meeting added to market caution. The pan-European Stoxx 600 index closed 0.2 per cent lower at 511.79.
