Another heavily traded counter, Medtecs International rose six Singapore cents or 6.8 per cent to 94.5 cents, after 10 million shares changed hands.of the Singapore Exchange. It also announced that the group will be included in the MSCI Singapore Small Cap Index from Nov 30, after market close that day.
Meanwhile, Singapore Telecommunications gained S$0.02 or 0.9 per cent to S$2.32, with 4.2 million shares traded. The three local banks rose in early trade. DBS jumped S$0.24 or 1 per cent to S$24.12, UOB gained S$0.25 or 1.2 per cent to S$21.72, while OCBC put on S$0.08 or 0.8 per cent to S$9.66., shrugging off concerns over the surge in Covid-19 cases and new pandemic restrictions that threaten the recovery of the US economy.
The benchmark Dow Jones Industrial Average rose 1.4 per cent to close at 29,479.81, the broad-based S&P 500 added 1.4 per cent to 3,585.15, a new record, while the tech-rich Nasdaq Composite Index climbed 1 per cent to 11,829.29.. The benchmark Nikkei 225 index was up 1.1 per cent or 286.11 points at 25,671.98 in early trade, while the broader Topix index gained 1.2 per cent or 19.80 points to 1,723.02.For daily updates on weekdays and specially selected content for the weekend.