Singapore stocks open slightly higher on Wednesday

Singapore stocks opened slightly higher on Wednesday, July 17, echoing the gains seen on Wall Street, where both the Dow Jones and S&P 500 reached new record highs.

In the broader market, there were 76 gainers compared to 33 losers. A total of 46.9 million securities changed hands worth S$89.6 million. Manulife US Real Estate Investment Trust also saw significant activity, increasing by 4.1% or US$0.003 to US$0.077, with 4.1 million units changing hands. On Wall Street, the Dow Jones Industrial Average surged by 1.9%, closing at a new high of 40,954.48. The S&P 500 also set a new record, gaining 0.6% to close at 5,667.2. The Nasdaq Composite Index rose by 0.2% to finish at 18,509.34.

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Singapore stocks continued their upward trend on Wednesday—STI gained 0.3%Singtel saw a modest gain of S$0.01 or 0.4%, trading at S$2.91 in the early hours
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