Singapore Stocks Rise as Global Markets Show Mixed Results

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SINGAPORE STOCK MARKET,STRAITS TIMES INDEX,GLOBAL MARKETS

Singapore's Straits Times Index (STI) rose on Friday morning, January 3rd, following mixed results from global markets. Local banks performed well, and several companies, including CapitaLand Integrated Commercial Trust and Mapletree Logistics Trust, saw their share prices increase. US stocks declined on Thursday, while European stocks ended the first trading day of 2025 higher.

Singapore stocks traded higher on Friday morning, Jan 3, after global markets delivered mixed results overnight. The Straits Times Index (STI) gained 0.4%, or 15.77 points to 3,816.58 at 9:01 am, as reported by The Business Times. In the broader market, 91 stocks gained while 22 declined, with 40.3 million securities valued S$66.4 million traded. CapitaLand Integrated Commercial Trust led in trading volume with 4.3 million units traded. Its shares price increased 1% or S$0.02 to S$1.97.

Mapletree Logistics Trust climbed 0.8% or S$0.01 to S$1.30. GKE Corporation, a logistics and warehousing services provider, jumped 10.1% or S$0.008 to S$0.087. Local banks performed well at the open. UOB rose 0.5% or S$0.18 to S$36.73. DBS gained 0.2% or S$0.09 to S$44.05, while OCBC increased 0.2% or S$0.04 to S$16.68. US stocks fell on Thursday as markets anticipated key events ahead of US President-elect Donald Trump’s presidential inauguration on 20 January.The Dow Jones Industrial Average fell 0.4% to 42,392.27. The S&P 500 and Nasdaq Composite Index also declined by 0.2%, closing at 5,868.55 and 19,280.79, respectively. Meanwhile, European stocks finished the first trading session of 2025 higher, supported by gains in the energy sector. The pan-European Stoxx 600 index gained 0.6% to 510.67, recovering from earlier losses in a session with light trading as many investors returned from New Year breaks

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