Singapore stocks opened with little change on Thursday—STI rose by 0.02% Singapore News

18 by 9:01 am, according to The Business Times.

In the broader market, 69 gainers outpaced 28 losers after a total of 17.8 million securities valued at S$24.3 million were traded. Metis Energy, a renewable energy infrastructure company, was the most actively traded stock. Its shares climbed by 5.6%, or S$0.002, to S$0.038 after 3.2 million shares were exchanged. Seatrium stocks also gained 2.4%, or S$0.04, to S$1.72. Another actively traded stock was Manulife US Real Estate Investment Trust , which went up by 0.8%, or US$0.001, to US$0.125.

However, banking stocks had mixed results. United Overseas Bank fell by 0.7%, or S$0.22, to S$32.33. OCBC dropped 0.4%, or S$0.06, to S$15.28, while DBS remained unchanged at S$38.10.Wall Street closed lower on Wednesday after the US Federal Reserve cut interest rates by 0.5 percentage points. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite Index all dropped 0.3%, with the Dow Jones Industrial Average closing at 41,503.1, the S&P 500 at 5,618.

In Europe also, stocks ended lower on Wednesday as investors held back from taking risks ahead of the Federal Reserve’s interest rate decision. The Stoxx 600 index fell by 0.5%, closing at 514.59.

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