Singapore stocks rise at Thursday's open after upbeat exports data; STI up 0.2%

Thai Beverage Public co was trading flat at S$0.61, with four million shares changing hands.

Singapore banks all recorded losses on Thursday morning. DBS fell 0.1 per cent or S$0.02 to S$20.27. OCBC was down 0.1 per cent or S$0.01 to S$8.52, while UOB fell 0.2 per cent or S$0.03 to S$19.27. Following news that UOB had implemented a wage freeze, the trio toldthrough to the end of the year, but are actively managing staff costs.

Other active index counters at Thursday's open included Top Glove, which lost 4 per cent or S$0.12 to S$2.88. Singapore Telecommunications gained 0.5 per cent or S$0.01 to S$2.23. Keppel Corp fell 0.5 per cent or S$0.02 to S$4.23. Its subsidiary Keppel Shipyard has entered into a five-year memorandum of understanding with mainboard-listed offshore oil and gas contractor Dyna-Mac to explore"potential business relationships and opportunities" between the two on a non-exclusive basis, Dyna-Mac said on Wednesday.after a volatile session on Wednesday as the Federal Reserve kept interest rates low and offered a cautious outlook on the economy.

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Asia stocks cheer upbeat data but temper appetite ahead of Fed meetingSHANGHAI (Reuters) - Most Asian shares rose on Wednesday (Sept 16), extending a rally driven by upbeat Chinese and US economic data, but the dollar, US yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting.. Read more at straitstimes.com.
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Singapore stocks end Wednesday higher, STI climbs 0.78 per cent to 2,505.15SINGAPORE stocks ended higher on Wednesday, ahead of the US Fed policy meeting and amid optimistic rhetoric about coronavirus vaccines. Read more at The Business Times.
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