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Singapore stocks open higher on Friday—STI climbed by 1%

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In the broader market, 102 gainers outpaced 41 losers, after 50.6 million securities valued at S$84.6 million changed hands.

Singapore stocks open higher on Friday, Aug 16, after non-domestic exports exceeded expectations. July’s exports saw a surprising 15.7% increase, boosting market confidence.

Genting Singapore was among the most traded stocks, which saw 9.8 million shares exchanged. Despite the heavy activity, Genting’s shares slipped slightly, down by S$0.005, or 0.6%, to S$0.825. On the other hand, Thai Beverage’s shares rose by S$0.005, or 1.1%, to S$0.48. Meanwhile, Singtel dropped by S$0.05, or 1.7%, to S$2.97.

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