Singapore shares rise at Monday's open; STI up 0.4%

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SINGAPORE stocks opened higher on Monday, tracking rallies in the US and Europe after US officials moved forward with plans to gradually reopen the economy. Read more at The Business Times.

Banking stocks rose in early morning trade. DBS was trading up 0.1 per cent or S$0.02 at S$19.30 on a cum dividend basis. UOB was up 0.4 per cent or S$0.08 to S$20.10 on a cum dividend basis, while OCBC rose 0.3 per cent, or S$0.03 to S$8.89 on a cum dividend basis.

Other active index counters included CapitaLand Mall Trust which advanced 0.5 per cent or S$0.01 to S$1.86 and the Singapore Exchange which moved up 1 per cent or S$0.10 to S$9.93.on Friday as US officials moved forward with plans to gradually reopen the economy. The Dow Jones Industrial Average added 3 per cent, ending at 24,242.49. Meanwhile, the S&P 500 gained 2.7 per cent to 2,874.56, while the tech-rich Nasdaq Composite Index rose 1.4 per cent to 8,650.14.

 

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