Singapore shares rise at Wednesday’s open; STI up 0.2%

SINGAPORE stocks began trading higher on Wednesday (Nov 20) morning following a mixed performance in world indices.

As at 9.03 am, the Straits Times Index (STI) rose 6.14 points or 0.2 per cent to 3,764.11. Across the broader market, gainers outnumbered losers 81 to 30 after 108.8 million securities worth S$96.1 million changed hands.

Mapletree Logistics Trust was one of the most actively traded counters by volume, gaining 0.8 per cent or 0.01 per cent to S$1.27, with eight million units changing hands.

CapitaLand Integrated Commercial Trust fell 0.5 per cent or S$0.01 to S$1.94. Units of Keppel DC Reit declined 0.9 per cent or S$0.02 to S$2.17, after closing its private placement at S$2.09 apiece with 334.9 million new units issued.

Banking stocks were trading up at open. UOB was up 0.4 per cent or S$0.13 at S$36.56. DBS rose 0.3 per cent or S$0.13 to S$42.70, and OCBC climbed 0.4 per cent or S$0.07 to S$16.55.

Wall Street stocks finished mostly higher ahead of software company Nvidia’s results, in spite of worsening Russia-Ukraine conflict.

The broad-based S&P 500 rose 0.4 per cent to 5,916.98, while the tech-rich Nasdaq Composite Index finished at 18,987.47, up 1 per cent. The Dow Jones Industrial Average however fell by 0.3 per cent to 43,268.94.

In Europe, the main stock index touched its lowest level in three months on Tuesday amid escalating geopolitical tensions, with Russia lowering its threshold for a nuclear strike.

The pan-European Stoxx 600 closed 0.5 per cent lower at 500.6 points, after falling 1 per cent to its lowest point since Aug 8 earlier in the session. It logged a third straight day of losses.

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