Singapore shares rose on Thursday—STI climbed by 0.3%

Singapore shares rose on Thursday morning, forging ahead despite a mixed bag of results from the US and other regional markets.In the broader market, the scales tipped in favour of gainers, with 63 stocks celebrating gains compared to 43 in the red.

Seatrium hogged the limelight as the most actively traded counter by volume. The stock edged up by S$0.001 or 1.3% to S$0.078, with 37.7 million securities exchanged. Joining the ranks of heavily traded stocks were Genting Singapore, holding steady at S$0.91 after trading four million shares, and The Place Holdings, making waves with a 40% surge to S$0.007 following the transaction of three million shares.

The banking sector showed early promise, with DBS adding S$0.12 or 0.3% to S$36.09, OCBC advancing by S$0.10 or 0.7% to S$13.67, and UOB inching up by S$0.14 or 0.5% to S$29.75.Meanwhile, in Wall Street, the mood was less buoyant on Wednesday, with chip stocks bearing the brunt of the downturn. The Nasdaq Composite Index took a 1.2% dip to 15,683.37, while the S&P 500 slid by 0.6% to 5,022.21. The Dow Jones Industrial Average also saw a minor retreat of 0.1% to 37,753.31.

In Europe, however, there was a glimmer of positivity as shares eked out gains, buoyed by robust quarterly performances from consumer giants like Adidas and LVMH. The pan-European Stoxx 600 managed a modest 0.1% climb to close at 498.52. /

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