Singapore stocks opened with minimal movement on Tuesday morning following data showing higher-than-expected inflation figures for February.
Despite this inflationary uptick, experts anticipate the Monetary Authority of Singapore will maintain its current policy stance. However, the broader market witnessed more losers than gainers, with a ratio of 57 to 54. There were 43.3 million securities changing hands, with a total transaction value of S$35.2 million.
Among other actively traded stocks, Tritech Group maintained its position at S$0.011 despite trading 4.9 million shares, while Thai Beverage remained unchanged at S$0.485 after exchanging four million securities.Banking stocks showed mixed performance at the opening bell. DBS gained S$0.10 or 0.3% to reach S$35.60, while OCBC edged up by S$0.02 or 0.2% to S$13.60.