Singapore stocks: STI resumes Monday trading at 3,363.45, up 1.3% on day

SINGAPORE stocks resumed trading in positive territory on Monday, with the Straits Times Index gaining 41.8 points or 1.3 per cent to 3,363.45 as at 1.01pm.

Noted IG market strategist Pan Jingyi:"Asia markets will have the trade truce relief to induce buying interests… For the day ahead, China's Caixin manufacturing PMI and the US ISM manufacturing index will be two key pieces of data to track today, but look to the positive sentiment stemming from the weekend political events to keep markets in green."

In a research note on Monday, DBS Equity Research highlighted Singapore banks as a trending sector, citing strong loan growth momentum, and the fact that Singapore is set to issue up to five new digital banking licenses.

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