Singapore shares open 0.86% lower on Tuesday
SINGAPORE shares opened lower on Tuesday, amid mixed directions given for US monetary policy and slumping oil prices.
The benchmark Straits Times Index fell 24.32 points or 0.86 per cent to 2,811.03 as at 9.04am. Some 103.5 million shares worth S$99.1 million changed hands, with losers outnumbering gainers 80 to 48.
Among the most heavily traded stocks was OSIM International, whose chairman and CEO Ron Sim raised his offer price to take the firm private from S$1.32 to S$1.39 a share.
Oil-related counters were also in active trading, with Noble Group, Ezra Holdings and Keppel Corp all falling at the opening.
Oil prices had fallen to one-month lows as investors doubted that oil-producing countries would freeze output to address the global glut.
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
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
Singapore stocks decline at Monday’s open; STI down 0.3%
Stocks to watch: Singtel, Keppel, Great Eastern, Seatrium, Best World