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Singapore's STI slips 0.3% to 2,758.70 at opening


SINGAPORE shares continued to decline early on Tuesday, with the Straits Times Index slipping 0.3 per cent or 8.23 points to 2,758.70 as at 9.02am.

Losers outnumbered gainers 69 to 44, or about three down for every two up, after 45.1 million shares worth S$40.8 million changed hands.

Warehouse developer Global Logistic Properties led the blue chips in terms of traded value, retreating 1.1 per cent or two Singapore cents to trade at S$1.775.

Cityneon Holdings gained 0.7 per cent or half a cent to 69 Singapore cents following reports that its parent company is expecting significant contributions from the exhibitions company.