Singapore shares climb at Monday’s open
Singapore stocks rose at the opening bell on Monday (Apr 1) morning, mirroring gains in US and European markets.
$FTSE Singapore Straits Time Index (.STI.SG)$ gained 6.61 points or 0.2 per cent to 3,230.62. Across the broader market, gainers outnumbered losers 76 to 39 after 73.2 million securities worth S$41.8 million changed hands.
$Seatrium (S51.SG)$ was the most heavily traded counter by volume. It rose S$0.001 or 1.3 per cent to S$0.08, with 33.4 million securities transacted.
Other counters that were briskly transacted included $Oceanus (579.SG)$ which remained unchanged at S$0.008 after 5.5 million shares changed hands, and $Zixin (42W.SG)$ which shed S$0.001 or 4.6 per cent to S$0.021 after 2.8 million securities were traded.
Over on Wall Street, US stocks closed at record highs on Thursday, adding to first-quarter gains boosted by expectations of interest rate cuts by the Federal Reserve.
$Dow Jones Industrial Average (.DJI.US)$ climbed 0.1 per cent to 39,807.37, while the broad-based $S&P 500 Index (.SPX.US)$ inched up 0.1 per cent to 5,254.35. The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ shed 0.1 per cent to 16,379.46.
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