Singapore stocks open higher on Friday, June 21, following the positive performance in European markets the previous night.
The Business Times reported that the Straits Times Index rose by 0.2%, or 5.42 points, beginning the trading day at 3,305.42 by 9:01 am. Yoma Strategic Holdings was among the most actively traded stocks. It rose by 2.7%, or S$0.003, bringing its share price to S$0.116, with 4.5 million shares traded. Genting Singapore also saw significant trading activity, climbing 0.6%, or S$0.005, to S$0.875. Singtel edged up by 0.4%, or S$0.01, to S$2.64.
Local banking stocks showed mixed performance at the open. DBS Group Holdings saw a modest rise of 0.3% or S$0.10, trading at S$35.57. United Overseas Bank inched up 0.03%, or S$0.01, to S$30.52. Conversely, Oversea-Chinese Banking Corporation saw a slight decline, falling 0.3%, or S$0.04, bringing its share price to S$14.15.Wall Street had a mixed session on Thursday. The tech-heavy Nasdaq Composite Index dropped 0.8% to 17,721.59, led by declines in Nvidia and other AI-linked stocks.
European markets, in contrast, closed on a positive note, buoyed by a global wave of optimism. The pan-European Stoxx 600 index climbed 0.9% to 518.91, with technology and real estate sectors leading the charge.
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