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Singapore shares open higher on Monday; STI up 0.35% to 3,125.79

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SINGAPORE shares started Monday on higher ground after the US market closed strongly on Friday, following a chaotic week for global equities. The Straits Times Index gained 10.76 points or 0.35 per cent to 3,125.79 as at 9.04am. Read more at The Business Times.

on Monday, and said it is looking to monetise its Oman asset by end-2019.

Among financials, all three local banks were in the green. DBS advanced S$0.10 or 0.4 per cent to S$24.80, OCBC shares gained S$0.05 or 0.5 per cent to S$10.68 and UOB edged up S$0.01 or 0.04 per cent to S$25.05. Among other STI index members, Ascendas Reit units traded up S$0.02 or 0.7 per cent to S$3.05 while Keppel Corp was up S$0.05 or 0.9 per cent to S$5.94.as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market after a tumultuous week.

The Dow Jones Industrial Average rose 306.62 points, or 1.2 per cent, to 25,886.01, the S&P 500 gained 41.09 points, or 1.44 per cent, to 2,888.69 and the Nasdaq Composite added 129.38 points, or 1.67 per cent, to 7,895.99., with battered bank stocks having their best day in four and a half months. Germany's DAX rose 1.3 per cent.

 

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