Singapore stocks open higher Monday; STI up 0.6%

The trio of local banks were trading higher on Monday morning, with DBS rising 1.1 per cent or S$0.28 to S$24.88, UOB gaining 0.9 per cent or S$0.21 to S$22.99, and OCBC increasing 0.2 per cent or S$0.02 to S$9.98.

Other aviation-related counters such as SATS were also trading lower, falling S$0.03 or 0.7 per cent to S$4.14. Among the most actively traded stocks in the morning by volume was QT Vascular, which fell 44.4 per cent or 0.4 Singapore cent per share to 0.5 cent per share., as investors wrestled with fiscal stimulus developments, concerns over a lengthy rollout of vaccines, and a growing number of state-level shutdowns to combat the spiralling Covid-19 pandemic.

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