Singapore shares open marginally lower on Tuesday

SINGAPORE'S benchmark Straits Times Index opened 7.88 points or 0.26 per cent lower at 3,075.19 on Tuesday morning, following a retreat on Wall Street overnight.

By 9.03am, some 85.7 million shares worth S$74.1 million changed hands. Losers marginally outpaced gainers at 66 to 61.

Among most active stocks were Addvalue Technologies, up 1.4 per cent at 7.4 cents; Swiber Holdings, up 7.3 per cent at 29.5 cents; and Jiutian Chemicals, up 6.3 per cent at 3.4 cents.

Given the lack of trading cues, investors are likely to remain in a wait-and-see mode ahead of a two-day US Federal Reserve meeting starting later Tuesday, where policymakers will decide whether to raise near-zero US interest rates or push the first rate hike in more than nine years towards 2016.