Singapore shares rise at Friday’s open

$FTSE Singapore Straits Time Index(.STI.SG)$ rose 0.3 per cent or 10.36 points to 3,347.78 as at 9.03 am. Across the broader market, losers outnumbered gainers 76 to 57, after 183.1 million securities worth S$117.1 million changed hands.

The most active counter by volume was $海庭(S51.SG)$, which fell 4.8 per cent or S$0.007 to S$0.139, with 146.5 million shares traded. On Friday, the offshore and marine group posted a net loss of S$264.4 million for its first half ended Jun 30, widening from S$142.9 million a year earlier.

$Keppel Reit(K71U.SG)$was down 1.6 per cent or S$0.015 to S$0.905, with 4.2 million units traded, while $Genting Sing(G13.SG)$ held steady at S$0.945, with 2.7 million shares traded.

$SIA(C6L.SG)$ , which reported a record quarterly performance on Thursday night, remained unchanged at S$7.52 amid heavy trading, with 1.5 million shares changing hands.

Wall Street stocks slipped on Thursday as concerns over higher interest rates re-emerged, breaking the Dow’s 13-day rally. $Dow Jones Industrial Average(.DJI.US)$ lost 0.7 per cent to end the day at 35,282.72. The broad-based $S&P 500 Index(.SPX.US)$ dropped 0.6 per cent to 4,537.48, while the tech-rich $Nasdaq Composite Index(.IXIC.US)$ shed 0.6 per cent at 14,050.11.