Singapore stocks opened with steady gains on Thursday—STI rose by 0.6%

Singapore stocks opened with steady gains on Thursday, July 11, mirroring the strong gains seen in global markets overnight.

The broader market also showed a positive trend, with 74 gainers outnumbering 24 losers, after 49.3 million securities worth S$63.2 million were traded in the early hours. Insurtech firm V2Y Holdings also attracted significant attention. After requesting a trading halt on Monday, the company resumed trading in large volumes following the announcement of its proposed S$2 million placement. V2Y shares jumped by S$0.003 or 20% to S$0.018, reflecting strong investor confidence in the company’s future prospects.

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