Singapore Stocks Open Higher Amid Narrowly Traded Asian Markets

Finance News

Singapore Stocks Open Higher Amid Narrowly Traded Asian Markets
Singapore Stocks,Asian Markets,Straits Times Index

Singapore's stock market opened higher on Thursday, November 28, with the Straits Times Index gaining 0.4% to 3,722.33, while Asian markets remained relatively stable. Key sectors including Progen Holdings and Thai Beverage saw positive performances, alongside the major banks in Singapore. However, Wall Street experienced a pullback from record highs due to rising inflation, and European stocks declined amid budget concerns.

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Singapore stocks opened higher on Thursday (Nov 28) as Asian markets traded within a narrow range. The Straits Times Index (STI) gained 0.4% or 14.24 points to 3,722.33 by 9:03 am. Progen Holdings led trading volume, rising 6.7% to S$0.032. Thai Beverage (ThaiBev) also gained 0.9% to S$0.555. All three major Singapore banks traded higher after US inflation data indicated a preference for a cautious approach to lowering interest rates.

Wall Street pulled back from record highs, with the Dow, S&P 500, and Nasdaq declining, while European stocks fell amid concerns over the French budget plan

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