Singapore stocks advance at Friday’s open
Singapore shares climbed on Friday (May 10) morning, mirroring overnight gains in the US and European markets.
$FTSE Singapore Straits Time Index (.STI.SG)$ inched up 13.59 points or 0.4 per cent to 3,279.54. Across the broader market, gainers outnumbered losers 84 to 25 after 31.1 million securities worth S$42.7 million changed hands.
$Aspen (1F3.SG)$ was the most heavily traded counter by volume. The counter rose 8 per cent or S$0.004 to S$0.054, after 3.9 million securities were transacted.
Other counters that were briskly exchanged included $YZJ Fin Hldg (YF8.SG)$ which advanced 1.6 per cent or S$0.005 to S$0.325, after 3.4 million shares changed hands; and $Seatrium (S51.SG)$ which was up 2.2 per cent or S$0.04 to S$1.90, after 1.9 million securities were traded.
Wall Street stocks gained some steam on Thursday, following the release of soft US jobs data which lifted investor hopes for interest rate cuts later this year.
The tech-rich $Nasdaq Composite Index (.IXIC.US)$ inched up 0.3 per cent to 16,346.26, and the broad-based $S&P 500 Index (.SPX.US)$ advanced 0.5 per cent to 5,214.08. $Dow Jones Industrial Average (.DJI.US)$ gained 0.9 per cent to 39,387.76.
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