SINGAPORE shares started trading in positive territory on Friday (Jan 31), mirroring activities in global markets.
As at 9.01 am, the Straits Times Index (STI) opened 1.1 per cent or 42.16 points higher at 3,843.23. Across the broader market, gainers outnumbered losers 99 to 33 after 54.2 million securities worth S$121.5 million changed hands.
Among the actively traded counters by volume was Yangzijiang Financial, which rose 1.1 per cent or S$0.005 to S$0.46, after nine million shares changed hands.
Shares of Singtel rose 1.8 per cent or S$0.06 to S$3.32. Units of CapitaLand Integrated Commercial Trust were up 1 per cent or S$0.02 at S$1.96.
Banking stocks were trading in positive territory. DBS advanced 1.7 per cent or S$0.72 to S$44.45. UOB was up 1.5 per cent or S$0.55 at S$37.42. OCBC gained 1.2 per cent or S$0.21 to S$17.25.
Wall Street stocks ended higher on Thursday, with the S&P 500 gaining 31.86 points or 0.5 per cent to end at 6,071.17. The Nasdaq Composite gained 49.43 points or 0.3 per cent to 19,681.75 and the Dow Jones Industrial Average rose 168.61 points or 0.4 per cent to 44,882.13.
In Europe, stocks closed at a record high, led by real estate counters. The pan-European Stoxx 600 closed 0.9 per cent higher at 538.84, logging its tenth advance in the past 12 sessions.
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