SINGAPORE shares rose on Friday (Aug 30) morning, after US indices were mixed and Europe’s main stock index closed higher overnight.
The Straits Times Index (STI) was up 13.54 points or 0.4 per cent at 3,418.01 as at 9.03 am. Across the broader market, gainers outnumbered losers 75 to 37, after 55 million securities worth S$89.2 million changed hands.
Index counter Singtel was the most actively traded counter by volume, gaining 1.7 per cent or S$0.05 to S$3.07 with 10.1 million shares transacted.
Other heavily traded securities included V2Y Corp, which rose 18.2 per cent or S$0.004 to S$0.026 with 2.4 million shares changing hands, as well as Aspen, which fell 8.9 per cent or S$0.004 to S$0.041 with one million shares traded.
The three local banks were all in the green on Friday morning. DBS advanced 0.5 per cent or S$0.17 to S$35.98, UOB gained 0.4 per cent or S$0.11 to S$31.16, and OCBC edged up 0.1 per cent or S$0.01 to S$14.44.
Wall Street had a mixed showing on Thursday, with the Dow reaching a fresh record after economic data indicating stronger second-quarter gross domestic product growth than initially estimated. The Dow Jones Industrial Average jumped by 0.6 per cent to 41,335.05, while the broad-based S&P 500 was nearly flat at 5,591.96. The tech-focused Nasdaq Composite Index slipped 0.2 per cent to 17,516.43.
Over in Europe, the main stock index rose on Thursday and Germany’s DAX closed at a record high, led by tech stocks, after softer inflation data lifted hopes for interest-rate cuts and offset some disappointment around Nvidia’s quarterly results. The pan-European Stoxx 600 index was up 0.8 per cent at 524.57, narrowly missing a fresh record-high close.
