SINGAPORE - The Singapore Straits Times Index (STI) experienced a positive opening today with a 0.6% increase, reaching 3,159.68 points. This was buoyed by the performance of several key stocks.
Thai Beverage, a leading beverage company in the region, contributed to the market's upbeat mood with a 1% rise in its shares to S$0.52. Similarly, Seatrium, another constituent of the market, saw its share price rally to S$0.115.
Banking stocks played a significant role in today's market gains. DBS Group (OTC:DBSDY) Holdings Ltd, United Overseas Bank (OTC:UOVEY) (UOB), and Oversea-Chinese Banking Corporation (OCBC) all enjoyed early trading gains. DBS shares reached S$32.10, UOB climbed to S$27.98, and OCBC saw an increase to S$12.91.
The positive start to the day was part of a broader trend that favored gainers, with a total of S$65M worth of securities traded.
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