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Singapore stocks started on a positive note on Monday after economic growth data—STI rose 0.2% Singapore

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Singapore’s monetary policy settings were also kept unchanged for the sixth straight meeting in October, as expected by the market. The Straits Times Index rose 0.2%, or 5.79 points, reaching 3,579.

55 by 9:01 am, as reported by The Business Times.

In the broader market, 78 stocks gained compared to 40 that lost, after around 53.3 million securities valued at S$63.1 million were traded. Gold miner Wilton Resources led the trading volume. Its shares climbed 14.3% or S$0.001 to S$0.008, with 7.1 million shares exchanged. Yangzijiang Shipbuilding dropped 4.8% or S$0.12 to S$2.38 after the company announced that arbitration proceedings were filed against three of its units in London two years ago.Local banks performed well at the open. DBS gained 0.4% or S$0.15 to S$38.84, UOB rose 0.5% or S$0.15 to S$31.97, and OCBC increased 0.5% or S$0.07 to S$15.04.The Dow Jones Industrial Average rose 1% to 42,863.86, while the S&P 500 gained 0.6% to 5,815.03, both reaching new records.

 

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