SINGAPORE shares began trading stronger on Friday (Jan 3) morning after global indices ended mixed overnight.
As at 9.01 am, the Straits Times Index (STI) climbed 0.4 per cent or 15.77 points to 3,816.58. Across the broader market, gainers firmly outweighed losers 91 to 22 with 40.3 million securities worth S$66.4 million traded.
CapitaLand Integrated Commercial Trust was the most actively transacted counter in terms of volume with 4.3 million units changing hands at the open. The real estate investment trust rose S$0.02 or 1 per cent to S$1.97.
Units of Mapletree Logistics Trust were briskly traded as well, rising S$0.01 or 0.8 per cent to S$1.30, while warehousing and logistics services provider GKE Corporation climbed S$0.008 or 10.1 per cent to S$0.087.
The local banks were all trading higher in the morning. UOB gained S$0.18 or 0.5 per cent to S$36.73. DBS increased S$0.09 or 0.2 per cent to S$44.05, and OCBC rose S$0.04 or 0.2 per cent to S$16.68.
US stocks retreated at Thursday’s close as markets awaited a much-heavier news flow ahead of the Jan 20 presidential inauguration of Donald Trump.
The Dow Jones Industrial Average was down 0.4 per cent at 42,392.27. The broad-based S&P 500 dipped 0.2 per cent to 5,868.55, while the tech-rich Nasdaq Composite Index also declined 0.2 per cent to 19,280.79.
On the contrary, European stocks ended the first trading session of 2025 on a high note, buoyed by a strong performance in the energy sector.
The pan-European Stoxx 600 index rose 0.6 per cent to 510.67, reversing modest losses earlier in the session as trading volumes were light with investors still returning from their New Year holidays.
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