SINGAPORE stocks began trading higher on Monday (Nov 25) after global equities took a positive turn at the end of last week.
As at 9.00 am, the Straits Times Index (STI) climbed 17.61 points or 0.5 per cent to 3,763.63. Across the broader market, gainers outnumbered decliners 73 to 24, after 35.6 million securities worth S$49.3 million changed hands.
Yangzijiang Shipbuilding was one of the most actively traded counters by volume, gaining 0.7 per cent or S$0.02 to S$2.71, with 2.7 million units changing hands.
Units of CapitaLand Integrated Commercial Trust were briskly transacted as well, rising S$0.01 or 0.5 per cent to S$1.94 in early trade. Bacui Technologies on the other hand fell S$0.001 or 25 per cent to S$0.003.
Banking stocks were a sea of green at the open. DBS climbed 0.7 per cent or S$0.30 to S$42.63. UOB rose 0.6 per cent or S$0.21 to S$36.64. OCBC inched up 0.2 per cent or S$0.04 to S$16.50.
Wall Street ended higher on Friday, with all three major indexes posting weekly gains, considering how investors took comfort from data pointing to robust economic activity in the world’s biggest economy.
The S&P 500 gained 19.55 points or 0.3 per cent to end at 5,968.26 points, while the Nasdaq Composite gained 26.45 points or 0.1 per cent to 18,998.87. The Dow Jones Industrial Average rose 423.28 points or 1 per cent to 44,293.63.
In Europe, the benchmark index was propelled to a one-week high on Friday, in light of how real estate stocks surged. The easing of geopolitical tensions also relieved some recent selling pressure.
The pan-European Stoxx 600 jumped 1.2 per cent, its best daily performance in nearly two months. This contributed to a 1.1 per cent gain for the index for the week, breaking a four-week losing streak which was the longest since May 2022.
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