SINGAPORE stocks began Tuesday (Dec 10) trading in positive territory as markets abroad experienced mixed results overnight.
As at 9.02 am, the Straits Times Index (STI) rose 0.6 per cent or 22.75 points to 3,817.67. Across the broader market, gainers outnumbered losers at 92 to 59 after 67.5 million securities worth S$106.5 million changed hands.
Ying Li International Real Estate group was the most actively traded counter by volume. It climbed 7.7 per cent or S$0.003 to S$0.042 with 7.6 million securities switching hands.
Other actively traded counters included Bacui Technologies International. It was down 33.3 per cent or S$0.001 at S$0.002 and Seatrium which was up 2 per cent or S$0.04 at S$2.05.
Local banking stocks were all trading higher in the morning. OCBC climbed 1.7 per cent or S$0.28 to S$16.82, UOB increased 0.1 per cent or S$0.04 to S$36.84 and DBS rose 0.4 per cent or S$0.19 to S$43.84.
Wall Street stocks finished lower on Monday as markets took a break from a post-election rally in anticipation of key inflation data later in the week.
The Dow Jones Industrial Average was down 0.5 per cent at 44,401.93. The broad-based S&P 500 decreased 0.6 per cent to 6,052.85, while the tech-rich Nasdaq Composite Index fell 0.6 per cent to 19,736.69.
European equities finished at their highest levels in six-weeks on Monday, with mining and luxury stocks in the lead. The pan-European Stoxx 600 index rose 0.1 per cent to 521.22 points.
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