Singapore shares opened slightly higher on Monday as regional markets started the week on a positive note, supported by steady sentiment in Asia following gains in Japan and China.
At 9.10am, the Straits Times Index (STI) rose 6.42 points or 0.15% to 4,418.37, with 124 gainers against 75 decliners. Turnover stood at 134.37 million securities worth S$108.04 million.
Among active counters, DBS gained 0.17% to S$53.03, while UOB traded at S$35.35 and ST Engineering rose to S$8.74. Sembcorp Industries opened at S$6.21, and YZJ Shipbuilding was unchanged at S$3.37. Genting Singapore remained flat at S$0.725.
The broader indices also showed resilience, with the iEdge-OCBC Singapore Low Carbon Select 40 Capped Index at 3,615.76, and the iEdge S-REIT Leaders Index steady at 1,134.50.
Across the region, Japan’s Nikkei 225 Index Futures climbed to 47,705.00, reflecting sustained investor confidence in Tokyo’s equity market. In China, FTSE China A50 Index Futures edged higher to 15,160.00, suggesting optimism despite ongoing property market concerns.
Hong Kong markets were mixed, with the FTSE China H50 Index Futures trading at 18,807.50, while Taiwan’s futures hovered at 2,188.50.
Analysts said the STI’s modest rise mirrors the cautious optimism across Asia as investors digest signals of stabilising growth in key economies and monitor upcoming US economic data for clues on future rate moves.
Commodities and FX futures on SGX also traded steadily, with total derivatives volume at 29,250 contracts as of 9am.
Market watchers expect Singapore equities to continue tracking regional sentiment, with banking and industrial stocks likely to lead near-term movements.
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