73 stocks advanced against 48 decliners, with 45.7 million securities worth S$66.1 million exchanged within the first hour of trading.
Singapore shares rose on Thursday, Aug 15, following a positive performance in the US and European markets overnight. The Straits Times Index climbed 0.3%, or 8.67 points, to 3,294.95 at 9:01 am, as reported by The Business Times.
In the broader market, 73 stocks advanced against 48 decliners, with 45.7 million securities worth S$66.1 million exchanged within the first hour of trading. Genting Singapore was among the most actively traded stocks. Its shares rose by 1.8%, or S$0.015, to S$0.83, with 7.4 million shares traded. Seatrium also saw significant gains, climbing 2.1%, or S$0.03, to S$1.44, with 4.1 million shares traded. Singtel shares also increased by 0.7%, or S$0.02, to S$2.93 on a volume of 1.5 million shares. On Thursday, the telecommunications giant reported a 42.9% jump in net profit for the first quarter, reaching S$690 million, up from S$483 million a year earlier. Meanwhile, Singapore’s three major banks showed mixed results. DBS saw a slight dip, falling 0.4%, or S$0.15, to S$34.46. UOB rose by 0.2%, or S$0.07, to S$29.70, and OCBC gained 0.7%, or S$0.10, to S$14.05.In the US, Wall Street stocks rose slightly on Wednesday as traders reacted to signs that consumer inflation is slowing down. This is a positive development for the Federal Reserve as it considers whether to lower interest rates. The Dow Jones Industrial Average went up by 0.6%, closing at 40,008.39. The S&P 500 also saw a rise of 0.4%, ending at 5,455.21. The Nasdaq also saw a slight increase, rising around 0.03%, reaching 17,192.6. In Europe, the main stock index climbed on Wednesday, driven by gains in travel, leisure, and financial shares. The pan-European Stoxx 600 rose by 0.5%, closing at 504.1, with all major regional markets finishing in positive territory.‘Silver tsunami’ in rural America: Small business owners retire, leaving no one to take the reinsGeorge Clooney hits back at Quentin Tarantino for his rude commentRose Harvey, a British marathoner, admits she reached the end of the race with a broken leg Jordan Chiles stripped of bronze medal in stunning gymnastics ruling; USA Gymnastics vows to fight on for herFirst date in a Hawker Centre? Well, most Singaporeans don’t mind it, but others say it’s a big no-no! — SurveyLetter to the Editor | The reason why young couples nowadays would rather adopt fur kids than give birth to childrenChoi Siwon, Jung In Sun, and others talk about love, fate, and Super Junior’s cameos in “DNA Lover” new drama
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