Latest news with #iEdge-OCBCSingaporeLowCarbonSelect40CappedIndex
BusinessToday
8 hours ago
- Business
- BusinessToday
STI Starts Strong, Riding On Blue-Chip Backbone
The Singapore stock market opened higher on Tuesday, with the Straits Times Index (STI) rising 11.91 points or 0.28% to 4,219.04 as at 9.02am, reflecting a firm start driven by gains in key blue-chip counters and steady investor sentiment across the region. Trading volume stood at 62.79 million securities, with a total value of S$75.07 million. Market breadth was positive, with 99 advancers outpacing 42 decliners in early trade. Among the top STI constituents, DBS rose 0.19% to S$47.350, while OCBC Bank held at S$17.300 and UOB remained steady at S$37.100. Singtel opened at S$4.160, and CapitaLand Investment traded at S$2.810. Seatrium Ltd and ST Engineering were also active, opening at S$2.410 and S$8.460 respectively. Broader indices also showed strength, with the iEdge-OCBC Singapore Low Carbon Select 40 Capped Index up at 3,271.25, and the iEdge S-REIT Leaders Index at 1,045.41. Meanwhile, the iEdge APAC Financials Dividend Plus Index stood at 3,068.43 and the iEdge-UOB APAC Yield Focus Green REIT Index at 2,319.31, reflecting sustained investor interest in income and sustainability-driven themes. The upbeat tone at the opening mirrored regional optimism, with investors watching for key earnings reports and economic data due later in the week, particularly from the US and China. Related
BusinessToday
a day ago
- Business
- BusinessToday
STI Opens Higher Amid Global Optimism, Local Sentiment Buoyed By Bank Gains
Singapore equities opened firmer on Monday, with the Straits Times Index (STI) rising 13.66 points or 0.33% to 4,203.16 at 9.00 am, following upbeat momentum from global markets last week and strong early performances from heavyweight banks. Initial trading saw a total of 54.51 million securities worth S$52.26 million changing hands, with market breadth skewed towards gainers (101 advancers against 41 decliners), signalling a positive start for the session. Bank counters led early gains with DBS edging up 0.07 points to S$47.06, while UOB traded at S$37.01 and OCBC at S$17.34, reflecting cautious optimism after Wall Street's modest rally last Friday, driven by tech earnings and resilient economic data. Meanwhile, Seatrium held at S$2.37, Keppel traded at S$8.10, and SGX stood at S$15.91, all mostly steady as investors awaited further cues from regional corporate earnings and the upcoming US Federal Reserve policy decision due later this week. Indices linked to low-carbon and REIT sectors, such as the iEdge-OCBC Singapore Low Carbon Select 40 Capped Index (3,281.18) and iEdge S-REIT Leaders Index (1,043.60), also posted mild gains, aligning with a broader risk-on sentiment across Asia. Positive economic outlooks in Malaysia and China, coupled with easing concerns over global inflation, are likely to provide further support for the Singapore bourse throughout the day. Related
