Singapore Stocks Rise After Holiday Break

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SINGAPORE STOCKS,STRAITS TIMES INDEX,Hiap Seng Industries

Singapore stocks opened higher on Thursday following the New Year's Day holiday. The Straits Times Index (STI) gained slightly, while Hiap Seng Industries led in trading volume. Local banks had mixed performances, while US and European markets saw declines.

Singapore stocks rose as trading began on Thursday (Jan 2) after the New Year’s Day holiday. The Straits Times Index (STI) gained 0.2% or 5.73 points to 3,793.33. In the broader market, 63 stocks gained while 40 declined, with 56.6 million securities valued at S$32.8 million traded. Hiap Seng Industries led in trading volume, with 10.5 million shares traded. Its share price remained unchanged at S$0.007. Thai Beverage climbed 0.9% or S$0.005 to S$0.55, while Yoma Strategic advanced 4.1% or S$0.

003, bringing its price to S$0.076. Local banks were mixed at the open. DBS gained 0.1% or S$0.06 to S$43.78. UOB edged up 0.1% or S$0.03 to S$36.36, while OCBC dropped 0.2% or S$0.04 to S$16.65. On Tuesday, US stock indices fell in a quiet session. The S&P 500 retreated 0.4% to 5,881.63, while the Nasdaq Composite Index dropped 0.9% to 19,310.79. The Dow Jones Industrial Average slipped 0.1% to finish at 42,544.22. In Europe, stocks had their worst quarterly performance in over two years on Tuesday, as concerns over interest rates and US policies stalled a 2024 market rally. The pan-European Stoxx 600 edged up 0.1% to 507.62, but fell by around 3% for the quarter, its largest drop since July 2022

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