Singapore shares rise at Monday’s open

$FTSE Singapore Straits Time Index (.STI.SG)$ rose 0.2 per cent or 4.93 points to 3,157.22 as at 9.01 am. Across the broader market, gainers outnumbered losers 99 to 26 after 43.6 million securities worth S$41 million changed hands.

$Seatrium (S51.SG)$ was the most heavily traded counter by volume. Its share price remained flat at S$0.112 after 20.6 million securities were transacted.

Other companies that were briskly traded included $Singtel (Z74.SG)$ , which remained unchanged at S$2.40, as well as $Matex Intl (M15.SG)$ , which rose 3.9 per cent or S$0.001 to S$0.027.

Stocks on Wall Street rallied at Friday’s close, with $S&P 500 Index (.SPX.US)$ and $Dow Jones Industrial Average (.DJI.US)$ hitting fresh records. The broad-based $S&P 500 Index (.SPX.US)$ advanced 1.2 per cent to close at 4,839.81, surpassing its last all-time high set in 2022. $Dow Jones Industrial Average (.DJI.US)$ gained 1.1 per cent to 37,863.8, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ surged 1.7 per cent to end at 15,310.97.