;
Singapore SGX Centre

SINGAPORE: Singapore stocks rose on Tuesday’s open, Sept 17, despite a drop in global equities the night before.

The Straits Times Index (STI) climbed by 0.2%, or 5.95 points, reaching 3,576.38 by 9:01 am, according to The Business Times. In the broader market, 40 gainers outpaced 29 losers after 24.1 million securities valued at S$29.4 million were traded.

Leading the market in terms of volume was CapitaLand Integrated Commercial Trust. Its shares gained 0.5%, or S$0.01, reaching S$2.18 after 17.1 million shares were exchanged. Marine logistics company Marco Polo also saw its shares rise by 1.9%, or S$0.001, to S$0.055.

However, not all stocks saw gains. Palm oil company Golden Agri-Resources remained flat at S$0.275.

Banking stocks performed well early in the day, with all three of Singapore’s major banks posting gains. DBS rose by 0.3%, or S$0.10, to S$38.10. UOB followed suit, increasing by 0.3%, or S$0.11, to S$32.39. OCBC inched up 0.1%, or S$0.01, to S$15.24. 

See also  STI down 0.2% — Singapore shares drop on Tuesday’s open

On Wall Street, Monday ended with mixed results as investors weighed the possible outcomes of the Federal Reserve’s upcoming interest rate decision. The Dow Jones Industrial Average closed 0.6% higher at 41,622.08, marking a new all-time high.

The S&P 500 rose slightly, by 0.1%, to close at 5,633.09. In contrast, the tech-heavy Nasdaq Composite fell by 0.5% to 17,592.13.

In Europe, stocks finished Monday with a slight decline, pulled down by losses in major technology shares. The Stoxx 600 index dipped by 0.2% to 515.11. /TISG

Read also: Singapore stocks started the week lower on Monday—STI dropped 0.2%

Featured image by Depositphotos