Singapore stocks open higher on Tuesday—STI gained 0.2%

SINGAPORE: Singapore stocks opened higher on Tuesday, July 30, with traders eagerly anticipating a key US Federal Reserve meeting.

The broader market showed more losers than gainers, with 60 stocks down compared to 42 that rose, after 45.9 million securities worth S$33.6 million were traded. Banking stocks showed mixed results at the start of the trading day. DBS saw a rise of 0.7%, or S$0.25, to S$36.58. OCBC increased by 0.4%, or S$0.06, to S$14.83. However, UOB saw a decline of 0.5%, or S$0.15, to S$32.25.In the United States, Wall Street ended Monday with little change after a day of choppy trading. Investors were cautious ahead of major tech earnings and the Federal Reserve’s decision. The Nasdaq Composite Index edged up 0.1% to 17,370.2.

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