FOLLOWING declines on Wall Street and European markets the day before, the Straits Times Index (STI) sank 15.88 points or 0.46 per cent in early trading on Thursday to 3,471.27.
At 9.05am, the volume of shares traded stood at 144.4 million, worth about S$361.8 million. Losers outnumbered gainers 93 to 65.
Shares in UOB, which posted a 1.6 per cent rise in Q1 net profit to S$801 million, fell 21 Singapore cents to S$24.21.
Meanwhile, shares in OCBC Bank, which reported a better-than-expected 11 per cent rise in net profit to S$993 million for Q1 2015, were down 15 Singapore cents at S$10.73.