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SINGAPORE: Singapore shares inch up on Thursday morning, with the Straits Occasions Index (STI) barely budging, as positive aspects in journey and hospitality-related sectors countered weaker performances from banking shares.
The Enterprise Occasions stories as of 9:02 am, the STI inched up by 0.03% or 0.98 factors, reaching 3,252.69.
Within the broader market, gainers barely outnumbered losers, with 72 shares on the rise in comparison with 38 in decline. The whole buying and selling quantity stood at 35 million securities, valued at roughly S$63.3 million.
Among the many actively traded counters, Singtel noticed a dip of 0.4%, closing at S$2.53 with 4.6 million shares exchanged. Genting Singapore, however, witnessed an increase of 1.7%, reaching S$0.905, with 4.5 million shares traded. In the meantime, Mapletree Logistics Belief maintained stability at S$1.46, with 1.8 million items altering palms.
Nonetheless, banking shares confronted a downward pattern in the course of the early hours of buying and selling. DBS slid by 0.4% to S$36.48, UOB slipped by 0.3% to S$29.60, and OCBC noticed a decline of 0.2%, reaching S$13.71.
Among the many index counters, Singapore Airways witnessed a achieve of 0.9%, closing at S$6.47, whereas Sats climbed 1.2% to S$2.56.
There was a rebound in Wall Road shares on Wednesday, with the S&P 500 hitting a file excessive of 5,248.49, marking a 0.9% enhance. The Dow Jones Industrial Common additionally ended positively, rising by 1.2% to 39,760.08, whereas the Nasdaq Composite Index noticed a modest achieve of 0.5%, reaching 16,399.52.
European shares mirrored this upward trajectory, setting a contemporary file on Wednesday, boosted by positive aspects in defensive sectors.
Notably, vogue retailer H&M skilled its most strong buying and selling day in almost 9 months, buoyed by optimistic quarterly outcomes. Total, the pan-European Stoxx 600 noticed a rise of 0.1%. /TISG
Learn additionally: Singapore shares kicked off on Wednesday—STI gained 0.5%
The put up Singapore shares inch up on Thursday—STI up by 0.03% appeared first on The Impartial Singapore Information – Newest Breaking Information
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