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Singapore shares open 0.6% down on Wednesday

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SINGAPORE stocks opened 0.6 per cent lower on Wednesday, with the Straits Times Index shedding 17.57 points to 2,838.56 as at 9.02 am.

The blue-chip index was weighed down after a slide on Wall Street following lacklustre corporate earnings in the United States.

About 109.9 million shares worth S$160.3 million in total changed hands in the first couple of minutes, which worked out to an average unit price of S$1.46 per share.

The most actively traded counter in early trading was airport services provider SATS, which fell S$0.19 to S$4.78 with 23.8 million shares changing hands. Other actives included Noble Group and SunMoon Food.

Losers outnumbered gainers 101 to 44, or about seven down for every three up.