Singapore shares opened higher on Wednesday—STI climbed 0.4%

Singapore shares opened higher on Wednesday morning, following the global trend of market upticks driven by corporate earnings releases and eased tensions in the Middle East.

The Business Times reports that, as of 9:02 am, the Straits Times Index climbed 11.38 points or 0.4% to 3,284.10. Market activity showed more gainers, with 95 stocks advancing compared to 27 decliners. Trading volume stood at 74.9 million securities valued at S$122 million. Thai Beverage is the most traded stock by volume, holding steady at S$0.48 after 8.5 million securities changed hands. Singtel maintained its price at S$2.38 after 7.8 million shares changed hands.Banking stocks displayed a mixed performance in early trading hours. DBS dipped 0.3% or S$0.09 to S$34.53, while OCBC increased 1% or S$0.14 to S$14.16. UOB saw a slight increase of 0.5% or S$0.15 to reach S$31.24.

The positive sentiment in Singapore mirrored the rally on Wall Street, where stocks surged on Tuesday amid encouraging corporate financial reports.The Nasdaq Composite Index rose 1.6% to 15,696.64, with the S&P 500 climbing 1.2% to 5,070.55. The Dow Jones Industrial Average closed 0.7% higher at 38,503.69.

European markets also enjoyed gains, hitting a one-week high on Tuesday. Strong corporate updates from the retail and technology sectors propelled the pan-European Stoxx 600 up by 1.1% to close at 507.79.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore shares kicked off on Wednesday—STI gained 0.5%The Straits Times Index (STI) showed a gain of 15.37 points, marking a 0.5% rise to reach 3,248.70
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore stocks opened with minimal movement on Tuesday—STI up 0.04%The Straits Times Index (STI) saw little increase of 1.34 points or 0.04%, reaching 3,199.44
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore stocks saw slight uptick on Monday—STI edged up by 0.1%Straits Times Index (STI) edged up by 3.56 points or 0.1% to reach 3,180.07
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore shares took a hit on Monday over Middle East tensions—STI down by 0.9%Straits Times Index (STI) opened lower, down by 0.9% or 30.02 points, at 3,186.89
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore shares are relatively unchanged on Monday—STI ticked up by 0.03%Straits Times Index (STI) ticked by 0.03% to 3,219.18
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore stocks rose on Monday—STI climbed 0.2%Straits Times Index (STI) climbed 0.2%, gaining 6.61 points to 3,230.62
Source: IndependentSG - 🏆 9. / 63 Read more »