Singapore shares open lower on Friday; STI down 0.06% to 2,830.22

SINGAPORE shares slipped early on Friday, with the Straits Times Index (STI) easing by 0.06 per cent, or 1.74 points, to 2,830.22 as at 9.04 am.

However, gainers outnumbered losers 77 to 48, or about three up for every two down, after 74 million shares worth S$125.2 million had changed hands.

DBS Group Holdings slipped by 0.5 per cent, or eight Singapore cents, to S$14.96 as at 9.03 am amid concerns about the bank's exposure to the oil and gas sector following client Swiber Holdings' winding-up application.

Genting Singapore slid 4.4 per cent, or 3.5 Singapore cents, to 76 Singapore cents. The casino operator reported overnight that it had narrowed its second-quarter loss to S$10.5 million from a year-ago S$16.9 million.