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Singapore Bourse Tipped To Open In The Green

(RTTNews) - The Singapore stock market has ticked higher in two straight sessions, rising almost 10 points or 0.3 percent along the way. The Straits Times Index now sits just beneath the 3,000-point plateau and it may extend its gains on Wednesday.

The global forecast for the Asian markets is upbeat on optimism following the inauguration of former Vice President Joe Biden as the 46th President of the United States. The European and U.S. markets were up and the Asian bourses figure to open in similar fashion.

The STI finished barely higher on Wednesday following mixed performances from the financial shares, property stocks and industrial issues.

For the day, the index rose 2.85 points or 0.10 percent to finish at 2,998.77 after trading between 2,985.71 and 3,001.14. Volume was 3.48 billion shares worth 1.52 billion Singapore dollars. There were 302 gainers and 205 decliners.

Among the actives, Yangzijiang Shipbuilding surged 2.83 percent, Thai Beverage soared 1.91 percent, Singapore Exchange spiked 1.80 percent, Wilmar International accelerated 1.52 percent, Venture Corporation rallied 1.19 percent, SembCorp tumbled 1.10 percent, City Developments skidded 0.91 percent, CapitaLand retreated 0.87 percent, Singapore Press Holdings jumped 0.83 percent, SingTel climbed 0.82 percent, DBS Group declined 0.79 percent, Singapore Technologies gathered 0.78 percent, United Overseas Bank collected 0.46 percent, Mapletree Commercial Trust sank 0.45 percent, Dairy Farm International added 0.44 percent, CapitaLand Integrated Commercial Trust gained 0.43 percent, Oversea-Chinese Banking Corporation shed 0.38 percent, Keppel Corp rose 0.35 percent, SATS increased 0.25 percent, Singapore Airlines fell 0.23 percent and Mapletree Logistics, Genting Singapore, Ascendas REIT, CapitaLand Commercial Trust and Comfort DelGro were unchanged.
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