Singapore shares open lower on Friday; STI drops 2%
SINGAPORE stocks opened lower on Friday, with the Straits Times Index shedding 69.85 points, or 2 per cent, to 3,346.05 as at 9.01am.
This came as Wall Street tumbled overnight, with a late selloff seeing its equities gauges in correction territory.
On the Singapore bourse, about 101.7 million shares worth S$149.8 million changed hands. Losers outnumbered gainers 247 to 8.
The most actively traded counters were Marco Polo Marine, which fell 6.38 per cent, or 0.3 Singapore cent to 4.4 Singapore cents with 7.8 million shares traded; and Jiutian Chemical Group which fell 9.7 per cent, or 0.6 Singapore cent to 5.6 Singapore cents with 4.4 million shares traded.
Other active index stocks include Singtel which fell 0.6 per cent, or two Singapore cents to S$3.38; and Keppel Corp which fell 3.6 per cent, or 29 Singapore cents to S$7.87.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops
US: Stocks end higher, extending rally
Yen surges against US dollar on suspected intervention
Singapore stocks start week in the black ahead of Fed meeting; STI up 0.1%
Sembcorp announces long-term power purchase agreements with Equinix
Asia: Shares rise as Fed looms large; yen crumbles below key level