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Singapore stocks open higher on Friday morning following latest GDP data—STI rose by 0.5%

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In the broader market, gainers outnumbered losers, with 83 stocks advancing and 35 declining.

Singapore stocks open higher on Friday morning, July 12, reflecting positive sentiment from the latest economic data. The Ministry of Trade and Industry reported a 2.9% year-on-year GDP increase, close to the revised 3% growth seen in the first quarter, according to advance estimates.

A total of 70.2 million securities worth S$109.9 million were traded. Yoma Strategic also saw significant activity, jumping 6.5%, or S$0.007, to S$0.115. Meanwhile, units of Mapletree Logistics Trust climbed by 1.5%, or S$0.02, to S$1.34.

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