Singapore stocks advance at Monday's open; STI up 0.5%

SINGAPORE shares rose when trading began at the start of the week, with the key Straits Times Index gaining 12.85 points or 0.5 per cent to 2,665.50 as at 9am.

Gainers outnumbered losers 122 to 48, after about 128.2 million securities worth S$78.1 million changed hands. Among the index securities, the most heavily traded by volume was CapitaLand Mall Trust, which gained S$0.02 or 1 per cent to S$2.04, with 2.8 million units traded, while CapitaLand Commercial Trust added S$0.03 or 1.7 per cent to S$1.79, with 2.7 million units traded.

Banking stocks were mixed in the early session of trading. DBS gained S$0.19 or 0.9 per cent to S$21.84, United Overseas Bank rose S$0.07 or 0.3 per cent to S$21.07, while OCBC Bank lost S$0.01 or 0.1 per cent to S$9.24.

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