Singapore stocks opened little changed on Friday, tracking overnight gains on Wall Street as easing concerns over US-Iran tensions and continued optimism surrounding artificial intelligence-linked counters supported investor sentiment.
The benchmark Straits Times Index slipped 1.84 points, or 0.04%, to 5,043.87 as at 9.06am, with 107 gainers outpacing 83 decliners on the Singapore Exchange. Trading volume stood at 96.77 million shares valued at S$163.44 million.
On Wall Street overnight, the Dow Jones Industrial Average rose 0.55%, while the S&P 500 gained 0.17% and the Nasdaq Composite edged up 0.09%, after reports suggested negotiation gaps between the US and Iran had narrowed, easing fears over prolonged geopolitical tensions and higher energy prices.
Back in Singapore, CSE Global emerged as one of the top early gainers, climbing 7.74% to S$1.67.
Among index heavyweights, DBS Group Holdings traded at S$61.62, while Oversea-Chinese Banking Corporation stood at S$23.31. Singapore Telecommunications changed hands at S$4.65 and Keppel was at S$10.93.
In the broader market, investors continued monitoring developments in artificial intelligence-related counters globally after strong interest in the sector boosted sentiment in the US market, despite a pullback in Nvidia shares overnight.
