SINGAPORE shares began Tuesday (Jan 7) trading in positive territory as overseas markets closed mixed.
As at 9.02 am, the Straits Times Index (STI) was up 0.1 per cent or 5.04 points at 3,826.88. Across the broader market, gainers outnumbered losers 73 to 43 after 32.6 million securities worth S$60.1 million changed hands.
Seatrium was the most actively traded counter by volume. It was trading up 0.5 per cent or S$0.01 at S$2.21 with three million securities transacted.
Other actively traded counters included investment holding company The Place Holdings which traded flat at S$0.004, and CapitaLand Integrated Commercial Trust which fell 0.5 per cent or S$0.01 to S$1.98.
The three banking stocks were trading up at the open. UOB rose 0.3 per cent or S$0.11 to S$36.91. OCBC climbed 0.3 per cent or S$0.05 to S$16.84, and DBS advanced 0.4 per cent or S$0.19 to S$44.14.
Wall Street stocks closed mixed as investors poured money into the semiconductor sector after Taiwan-based Foxconn showed strong results.
The Dow Jones Industrial Average dipped 0.1 per cent to 42,706.56. The broad-based S&P 500 climbed 0.6 per cent to 5,975.38, and the tech-rich Nasdaq Composite rose 1.2 per cent to 19,864.98.
European equities finished higher as a report suggesting less severe US tariffs than feared buoyed investor sentiment. The pan-European Stoxx 600 Index ended 1 per cent higher at 513.02.
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