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Singapore stocks edge up despite Wall Street retreat; STI up 0.1%

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LOCAL equities inched up on Thursday as traders continued to harbour hopes of a fiscal stimulus package ahead of the upcoming US presidential election. Read more at The Business Times.

Venture Corporation was the biggest loser of the day, after having hit a 52-week high of S$21.21 on Wednesday morning. RHB had upgraded the stock to a"buy", citing an improved outlook. The counter ended the day at S$20.55, down two per cent or S$0.42.

Jardine Matheson Holdings and Jardine Strategic Holdings were again the top gainers for the day. The former added US$0.54 or 1.3 per cent to US$43.03; the latter gained US$0.28 or 1.4 per cent to end the day at US$20.96. The trio of lenders ended the day in the black. DBS gained 0.9 per cent or S$0.19 to S$21.44; UOB added 0.3 per cent or S$0.06 to S$19.98, and OCBC closed at S$8.76, up 0.1 per cent or S$0.01.

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Singapore stocks rise at open, tracking modest gains on Wall Street; STI up 0.3%SINGAPORE shares opened slightly higher on Wednesday after US markets saw modest gains amid renewed hopes for a stimulus package. Read more at The Business Times.
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