Singapore shares open 0.3% lower on Monday

SINGAPORE stocks slipped early Monday, with the Straits Times Index declining by 0.33 per cent or 9.82 points to 2,928.04 as at 9.02am.

Gainers outnumbered losers 60 to 47, or about five up for every four down, after 66.8 million shares worth S$47 million changed hands.

Index heavyweights DBS Group Holdings, down 0.9 per cent or 17 Singapore cents at S$17.86, and Singapore Telecommunications, down 1.6 per cent or six Singapore cents at S$3.67, pulled the index lower.

Commodity trader Noble Group was the most active stock by volume, shedding 0.6 per cent or 0.1 Singapore cent to 16.6 Singapore cents after 16.4 million shares had changed hands.