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Singapore SGX Centre

SINGAPORE: Singapore stocks rose at Wednesday’s open, Oct 23, following overnight mixed performances in global markets.

The Straits Times Index (STI) increased by 0.2% or 5.71 points to 3,593.12 at 9:01 am, as reported by The Business Times.

The broader market saw 67 gainers compared to 41 losers, with 22.2 million securities valued at S$33.8 million traded.

Wee Hur, a property developer and builder, led the trading volume. Its shares jumped 7.4% or S$0.035 to S$0.51, with three million securities exchanged.

Other heavily traded stocks included SingPost, which rose 0.9% or S$0.005 to S$0.545, and Prospera Global, which rose by 3.9% or S$0.001 to S$0.027.

Banking stocks had a mixed start. DBS dipped 0.1% or S$0.03 to S$38.95, while OCBC climbed 0.6% or S$0.09 to S$15.27. UOB also edged up slightly, adding 0.03% or S$0.01 to S$32.10.

In the United States, Wall Street closed flat as rising Treasury yields impacted investor confidence. Major indices started the session lower, recovered in the afternoon, but eventually lost momentum.

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The Dow Jones Industrial Average ended unchanged at 42,924.89. The S&P 500 fell 0.1% to 5,851.2, while the Nasdaq Composite Index gained 0.2% to 18,573.13.

European stocks ended lower as investors faced uncertainty over geopolitical issues and possible interest rate cuts. The pan-European Stoxx 600 index dropped 0.2% to 520.4. The pan-European Stoxx 600 index fell by 0.2%, closing at 520.4. /TISG

Read also: Singapore stocks dropped at the start of trading on Tuesday—STI fell 0.5%

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