Singapore stocks open higher on Monday
Singapore shares started Monday (Jul 31) on a positive note after US equities advanced the previous week on encouraging inflation data.
As at 9.01 am, $FTSE Singapore Straits Time Index(.STI.SG$ rose 19.07 points or 0.6 per cent to 3,390.24. Across the broader market, gainers outnumbered losers 100 to 31 after 97.5 million securities worth S$74.4 million changed hands.
The most actively traded counter in terms of volume was $海庭(S51.SG$ , with its share price remaining flat at S$0.143 after 53.9 million of its securities were transacted.
Other counters that were briskly traded included index stock $ThaiBev(Y92.SG$ ,which rose S$0.015 or 2.5 per cent to S$0.61 at the open. Units of $CapLand IntCom T(C38U.SG$ were up by S$0.01 or 0.5 per cent amid heavy volumes.
Wall Street stocks ended Friday higher after the personal consumption expenditures price index showed that US inflation cooled further in June.
$Dow Jones Industrial Average(.DJI.US$ rose 0.5 per cent to 35,459.29, and the broad-based $S&P 500 Index(.SPX.US$ climbed 1 per cent to 4,582.23. The tech-heavy $Nasdaq Composite Index(.IXIC.US$ surged 1.9 per cent to 14,316.66.
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