Singapore Stocks Open Higher on Thursday Despite Modest Losses in the US; STI up 0.5%

The Business Times2022-06-23

SINGAPORE stocks were up in early trade on Thursday (Jun 23), disregarding the modest losses that Wall Street sustained just a day earlier.The benchmark Straits Times Index (STI) moved up 0.5 percent ...

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MicroStrategist
2022-06-23
MicroStrategist
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lamboandro
2022-06-23
lamboandro
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eo1668
2022-06-23
eo1668
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nelson21
2022-06-23
nelson21
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The most active counter by volume wasYangzijiang Financial Holding, which rose 1.1 percent or S$0.005 to S$0.45 with 6.1 million shares changing hands as at 9 am.Other heavily traded securities includedNetLink NBN Trust, which gained 1.1 percent or S$0.01 to S$0.945 with 1.7 million units traded, as well asRex International which slipped 3.5 percent or S$0.01 to S$0.28 with 912,400 shares traded.One of the most actively traded index counters by volume was Singtel, which inched up 0.4 percent or S$0.01 to S$2.53 with 835,600 shares changing hands.All 3 Singapore banks saw positive gains at the opening bell.DBS traded up 1.1 percent or S$0.33 at S$30.29,UOB gained 0.5 per cent or S$0.12 to S$26.74, while OCBC moved up 0.2 percent or S$0.02 to S$11.38.In the US, stocks ended Wednesday’s trading session with modest losses as oil prices retreated and Federal Reserve Chief Jerome Powell acknowledged interest rate hikes could lead to a recession.The Dow Jones Industrial Average dropped 0.2 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