Singapore stocks traded higher on Wednesday’s open, Jan 8, following mixed results in global markets the day before. The Straits Times Index (STI) gained 0.2%, or 8.77 points, to 3,836.94 at 9:01 am, as reported by The Business Times. In the broader market, 54 stocks declined while 46 gained, with 28.1 million shares valued at S$67.5 million traded. Genting Singapore led in trading volume, rising by 0.7%, or S$0.005, to S$0.775 after three million shares were traded.
CapitaLand Integrated Commercial Trust retreated 1%, or S$0.02, to S$1.96. RH Petrogas, an oil and gas company, rose 1.8%, or S$0.003, to S$0.172. Local banks had a mixed performance at the open. DBS rose 0.8%, or S$0.37, to S$44.87. OCBC advanced 1.2%, or S$0.20, to S$17.05, while UOB fell slightly by 0.03%, or S$0.01, to S$37.04. In the United States, Wall Street stocks closed lower on Tuesday after strong results from semiconductor stocks. The Dow Jones Industrial Average dropped by 0.4%, closing at 42,528.36.In Europe, shares closed higher, supported by gains in the energy sector. The Stoxx 600 index rose 0.3% to 514.67 points, its highest in three weeks.
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