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Singapore shares open lower on Friday

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SINGAPORE'S benchmark Straits Times Index opened 22.49 points or 0.75 per cent lower at 2,979.02 on Friday, following an overnight retreat of Wall Street stocks.

A potential interest-rate hike by the US Federal Reserve in December looming over investors globally, coupled with a mixed bout of earnings reports from Singapore-listed companies, may be offering little impetus for any strong direction in the local market.

At 9.02am, 90.5 million shares worth S$182.3 million were traded, with losers outpacing gainers 86 to 38.

Among the active stocks, Noble Group slipped 0.96 per cent to 51.5 cents, CapitaLand was down 1.28 per cent at S$3.09 , Global Logistic Properties was down 1.32 per cent at S$2.25 and OCBC fell 1.21 per cent to S$8.97.

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