Singapore Stocks Open Higher Amid Narrowly Traded Asian Markets

📆 27/11/2024 10:14 p. m.
📰 IndependentSG

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Singapore Stocks,Asian Markets,Straits Times Index

Singapore's stock market opened higher on Thursday, November 28, with the Straits Times Index gaining 0.4% to 3,722.33, while Asian markets remained relatively stable. Key sectors including Progen Holdings and Thai Beverage saw positive performances, alongside the major banks in Singapore. However, Wall Street experienced a pullback from record highs due to rising inflation, and European stocks declined amid budget concerns.

Singapore stocks opened higher on Thursday (Nov 28) as Asian markets traded within a narrow range. The Straits Times Index (STI) gained 0.4% or 14.24 points to 3,722.33 by 9:03 am. Progen Holdings led trading volume, rising 6.7% to S$0.032. Thai Beverage (ThaiBev) also gained 0.9% to S$0.555. All three major Singapore banks traded higher after US inflation data indicated a preference for a cautious approach to lowering interest rates.

Wall Street pulled back from record highs, with the Dow, S&P 500, and Nasdaq declining, while European stocks fell amid concerns over the French budget plan

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