Singapore shares rise at Wednesday’s open; STI up 0.5%

SINGAPORE shares began Wednesday (Feb 12) trading in positive territory as markets abroad logged mixed results.

As at 9.01 am, the Straits Times Index (STI) was up 0.5 per cent or 19.87 points at 3,880.63. Across the broader market, gainers outnumbered losers 55 to 42 after 52.5 million securities worth S$61.8 million changed hands.

Catalist-listed Asia-Pacific Strategic Investments was the most actively traded counter by volume. It was trading flat at S$0.001 with 28.4 million securities transacted.

Other actively traded counters included telco giant Singtel, which rose 1.5 per cent or S$0.05 to S$3.39, and Mapletree Industrial Trust, which fell 1.5 per cent or S$0.03 to S$2.03.

Banking stocks were trading higher at Wednesday’s open. DBS advanced 0.7 per cent or S$0.31 to S$45.16. OCBC was up 0.1 per cent or S$0.02 at S$17.37, and UOB rose 0.3 per cent or S$0.12 to S$37.62.

Wall Street stocks finished mixed on Tuesday as US trading partners vowed retaliation against US President Donald Trump’s latest tariff actions and the outlook for further interest rate cuts looked uncertain. The Dow Jones Industrial Average ended higher by 0.3 per cent at 44,593.65. The broad-based S&P 500 was essentially flat at 6,068.5, while the tech-rich Nasdaq Composite Index fell 0.4 per cent to 19,643.86.

Shares in Europe finished Tuesday at a record high as European steelmakers’ shares and basic resources stocks dropped. The pan-European Stoxx 600 Index climbed 0.2 per cent to close at 547.18.

Copyright SPH Media. All rights reserved.