Singapore shares opened slightly higher on Monday, with the Straits Times Index rising 0.31% to 5,207.80 in early trade as banking stocks provided the main lift.
DBS led the gainers among index heavyweights, rising 1.055% to 66.12, helping to anchor sentiment across the blue-chip space. OCBC and UOB also saw steady support, while Singtel, Singapore Airlines and ST Engineering traded mixed in early dealings.
Market breadth was relatively balanced at the open, with 98 stocks advancing against 94 decliners, suggesting a mildly positive tone rather than a broad-based rally.
Turnover remained modest, with total volume at 72.39 million shares and value at S$132.67 million, pointing to a cautious start to the session rather than strong directional conviction.
REITs and broader indices tracked a similar pattern of stability, with no sharp moves dominating early flows. Sentiment across thematic indices, including low carbon, financials and Southeast Asia technology benchmarks, also remained steady.
In derivatives, activity was subdued in early trade. MSCI Singapore Index futures were little changed at 479.50, while Nikkei 225 futures for September held at 68,860. USD/SGD futures were quoted at 1.2931, reflecting continued stability in currency expectations.
