Hot stocks: Most UK-linked firms lose ground

STOCKS of several Singapore companies with British exposure slipped an hour into trading on Friday as results of the UK elections trickle in.

Ho Bee Land lost four Singapore cents to S$2.35, CapitaLand lost one Singapore cent to S$3.61 and Ascott Reit lost half a Singapore cent to S$1.14.

Frasers Hospitality Trust retreated from an earlier opening of S$0.715 to S$0.71.

GL Limited (formerly known as GuocoLeisure), which has investments in the leisure industry, saw its shares slip half a Singapore cent to S$0.715.

Bucking the declining trend though was blue-chip stock ComfortDelGro, which rose two Singapore cents to S$2.42 in early-morning trade.

City Developments also climbed. The counter went up S$0.12 to S$10.88.

These come as doubts hang over British Prime Minister Theresa May's political future as exit polls of Britain's general election indicate that the country is headed for a hung Parliament, with no party commanding a majority.