12.3 C
London
Thursday, May 23, 2024
HomeSG EconomySingapore stocks rose on Friday—STI up by 0.2%

Singapore stocks rose on Friday—STI up by 0.2%

Date:

Related stories

Budget Forum 2024: Tango With Tax – Means Testing the Energy Bill Rebate

We ought to think of the tango when we think of social welfare. In a well-crafted social welfare system, taxes and public transfers tango with… Read More ›

The post Budget Forum 2024: Tango With Tax – Means Testing the Energy Bill Rebate appeared first on Austaxpolicy: The Tax and Transfer Policy Blog.

Hong Kong Privacy Watchdog Finds Sam Altman’s Worldcoin ID Project Breaches Law

The Office of the Privacy Commissioner for Personal Data (PCPD) has concluded its investigation into the Worldcoin project, finding it in violation of Hong Kong’s Personal Data (Privacy) Ordinance (PDPO).

The post Hong Kong Privacy Watchdog Finds Sam Altman’s Worldcoin ID Project Breaches Law appeared first on Fintech Hong Kong.

Workers seek more understanding from bosses on telemedicine MCs

Workers seek more understanding from bosses on telemedicine MCs

SINGAPORE: Last week, the Ministry of Health announced tighter rules involving the issuance of medical...

The post Workers seek more understanding from bosses on telemedicine MCs appeared first on The Independent Singapore News - Latest Breaking News

55% of liberal White women suffer from mental disorders? 

55% of liberal White women suffer from mental disorders? 

The COVID-19 pandemic has worsened mental health worldwide, including in the U.S. Widespread lockdowns and...

The post 55% of liberal White women suffer from mental disorders?  appeared first on The Independent Singapore News - Latest Breaking News

Singapore stocks rose on Friday—STI up by 0.2%

SINGAPORE: Singapore stocks rose on Friday with a slight uptick, brushing off the overnight downturn witnessed on Wall Street. Analysts had been anticipating a slowdown in Federal Reserve activity, which seemed to weigh on sentiment across the pond.

The Business Times reported that the Straits Times Index (STI) nudged up by 0.2% or 4.64 points reaching 3,192.3 as of 9:01 am.

In the broader market, the balance tilted slightly towards gainers, with 54 counters on the rise compared to 44 in decline. Trading activity saw 39.7 million securities changing hands, amounting to a total value of S$69.8 million.

Taking the spotlight in terms of trading volume was Thai Beverage, holding steady at S$0.48 with 4.8 million securities being traded. Meanwhile, Seatrium remained flat at S$0.076 with 4.3 million shares changing hands, and Genting Singapore edged up by 1.1% or S$0.01 to hit S$0.94 after trading 2.1 million shares.

Banking stocks displayed a mixed bag of performances in the early hours of trading. DBS saw a modest gain of 0.4% or S$0.16 to reach S$36.61, while OCBC advanced by 0.2% or S$0.02 to hit S$13.73. On the flip side, UOB dipped by 0.2% or S$0.05 to settle at S$30.10.

Over in Wall Street, the mood was sombre as stocks wrapped up Thursday’s session on a mostly downward trajectory. The rise in US Treasury bond yields dimmed hopes for a shift in the Federal Reserve’s monetary policy, contributing to the lacklustre performance.

The Nasdaq Composite Index slipped by 0.5% to 15,601.5, the S&P 500 saw a 0.2% decline to 5,011.12, while the Dow Jones Industrial Average managed to eke out a modest gain of 0.1% to close at 37,775.38.

Across the pond in Europe, shares found some buoyancy on Thursday fueled by robust earnings reports from industrial players. The pan-European Stoxx 600 edged up by 0.2% to finish the day at 499.7. /TISG

Read also: Singapore shares rose on Thursday—STI climbed by 0.3%

Featured image by Depositphotos

The post Singapore stocks rose on Friday—STI up by 0.2% appeared first on The Independent Singapore News - Latest Breaking News

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories