Singapore shares rise at Thursday’s open; STI up 0.6%
SINGAPORE shares started trading in positive territory on Thursday (Jan 23) morning, mirroring overnight gains in global markets.
As at 9.01 am, the Straits Times Index (STI) opened 0.6 per cent, or 21.3 points higher at 3,802.51. Across the broader market, gainers outnumbered losers 74 to 24 after 41.4 million securities worth S$63.3 million changed hands.
Among the actively traded counters by volume was Yangzijiang Financial which rose 3.5 per cent or S$0.015 to S$0.445, after 8.3 million shares changed hands.
Shares of construction and engineering company Ley Choon Group rose 12.5 per cent or S$0.006 to S$0.054.
Local banking stocks traded up at the open. DBS rose 0.8 per cent or S$0.36 to S$43.68. UOB increased 0.7 per cent or S$0.25 to S$37.26, and OCBC gained 0.6 per cent or S$0.10 to S$17.13.
Wall Street indexes ended higher on Wednesday, with the S&P 500 ending up 37.13 points, or 0.6 per cent, to 6,086.37. It hit a fresh record high of 6,100.81 in intraday trading.
The Nasdaq Composite gained 252.56 points, or 1.3 per cent, to 20,009.34, while the Dow Jones Industrial Average rose 130.92 points, or 0.3 per cent, to 44,156.73.
This comes as investors cheered streaming video provider Netflix’s quarterly report and President Donald Trump’s private-sector artificial intelligence infrastructure investment plan.
In Europe, stocks closed higher, driven by heavyweight technology and industrial sectors. The pan-European Stoxx 600 closed up 0.4 per cent at 528.04 points, the highest level since September 2024.