71 points, to 3,584.79 at 9:01 am, as reported by The Business Times.
SinoCloud Group led the trading volume. The IT services provider’s shares increased by 5.9%, adding S$0.001 to reach S$0.018 after 2.8 million shares were exchanged. The banking sector also performed well at the open. DBS rose by 0.2%, or S$0.07, to S$39.15. OCBC Bank edged up by 0.1%, or S$0.01, to S$15.28. United Overseas Bank saw a gain of 0.2%, or S$0.05, bringing its price to S$32.46.In the US, Wall Street stocks rose on Monday as a busy week of earnings reports and economic data began, with markets also keeping an eye on the final stages of the US presidential campaign.
The S&P 500 increased by 0.3% to 5,823.52, while the tech-heavy Nasdaq Composite Index rose by 0.3%, reaching 18,567.19.
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