SINGAPORE shares opened higher on Friday after US stocks surged to fresh records following a de-escalation of US-Iran tensions. Singapore's Straits Times Index gained 3.16 points or 0.1 per cent to 3,250.64 as at 9.06am.
Gainers outnumbered losers 91 to 54, after 107.4 million securities worth S$98.2 million changed hands. SunMoon Food was the most traded counter by volume in the morning, rising S$0.008 or 15.7 per cent to S$0.059 after 14.4 million shares were traded. This comes after the fruits distributor said it had, Wismettac Foods, for the US$1.2 million owed by its wholly-owned subsidiary SunMoon Distribution & Trading.
Other actives included AusGroup which was up S$0.003 or 6.5 per cent to S$0.049 with 11.2 million shares changing hands, and P5 Capital which gained S$0.002 or 6.3 per cent to S$0.034 on 4.8 million shares traded. Index stock Singtel slipped S$0.05 or 1.5 per cent to S$3.31 after 2.9 million shares changed hands.All three local banks were in the green in early trade. DBS jumped S$0.19 or 0.7 per cent to S$26.05, UOB gained S$0.08 or 0.3 per cent to S$26.87, and OCBC rose S$0.03 or 0.
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