Singapore shares open 1% lower on Thursday
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE stocks opened one per cent lower on Thursday, with the Straits Times Index dropping 26.16 points to 2,555.94 as at 9am.
The blue-chip index was dragged down further after US Federal Reserve chair Janet Yellen told Congress she does not expect the central bank to reverse course on its interest rate-hike plans but signalled that there were risks of delays.
About 25 million shares worth S$49.5 million changed hands, which worked out to an average price of S$1.98 per share.
The most actively traded counter was Singapore Telecommunications (Singtel), which fell S$0.06 to S$3.60 with 5.4 million shares changing hands. Other actives included Luzhou Bio-Chem Technology and Noble Group.
Losers outnumbered gainers 96 to 35, or about eight down for every three up.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
