Singapore shares open 1% lower on Monday
SINGAPORE shares opened lower on Monday amid a lack of strong buying catalysts following a retreat on Wall Street last Friday amid receding oil prices.
As at 9.02am, the Straits Times Index was down 29.77 points or one per cent at 2,894.17.
Some 76.7 million shares worth S$67.8 million changed hands. Losers outnumbered gainers 110 to 41.
Oil and gas counters were among the first to come under selling pressures. Ezra Holdings slipped 5.8 per cent to 9.8 Singapore cents, Rex International fell 6.1 per cent to 10.8 Singapore cents, and Technics Oil & Gas slid 4.8 per cent to 17.8 Singapore cents.
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
Asia: Stocks rise as Federal Reserve tamps down hike fears; yen leaps
Japanese companies struggle with yen’s continued weakness
Singapore stocks open stronger on Thursday; STI up 0.5%
Stocks to watch: DBS, Olam, Parkway Life Reit, Japfa, CSE Global
Europe: UK’s FTSE 100 slips ahead of Fed outcome, energy stocks weigh
US: Stocks end mostly lower in volatile reaction to Federal Reserve