1 million securities worth S$71.9 million traded.
Genting Singapore, a resort and casino operator, led the trading volume. It fell 0.6%, or S$0.005, to S$0.83, with 7.2 million shares traded. Other actively traded stocks were oil-and-gas contractor Dyna-Mac, which remained flat at S$0.665, and precision engineering firm GSS Energy, which saw a significant drop of 13.8%, or S$0.004, to S$0.025.
Banking stocks also performed well at Thursday’s open. DBS rose 0.7%, or S$0.27, to S$39.45, while OCBC gained 0.3%, or S$0.05, to S$15.42. UOB also increased 0.1%, or S$0.02, to S$32.32. In contrast, Wall Street experienced losses on Wednesday. Concerns over the US Federal Reserve’s policies pushed Treasury yields higher, hitting large companies like McDonald’s and Coca-Cola. The Dow Jones Industrial Average dropped 1% to 42,514.95. The S&P 500 was also down 0.9% to 5,797.42, while the Nasdaq Composite saw the largest decline, falling 1.6% to 18,276.65.
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