Singapore stocks fall at Friday's open; STI down 0.2%
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SINGAPORE stocks slipped in early trade on Friday (Dec 3), even as Wall Street stocks rose overnight.
The Straits Times Index (STI) dipped 0.2 per cent or 6.14 points to 3,085.97 as at 9.03 am.
Gainers outnumbered losers 76 to 46, after 46.5 million securities worth S$81.1 million changed hands.
Rex International 5WH was among the most actively traded securities, rising 1.8 per cent or S$0.005 to S$0.28, with 3.7 million shares traded.
Vividthree OMK gained 5.1 per cent or S$0.004 to S$0.083, with some 2.1 million shares changing hands while Mapletree Log Trust M44U was down 1.1 per cent or S$0.02 to S$1.85, with 2 million shares changing hands.
Among the trio of local banks, only UOB U11 saw gains at the open, rising S$0.02 or 0.1 per cent to S$26.22.
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Meanwhile, DBS D05 fell S$0.20 or 0.6 per cent to S$31.35, while OCBC O39 nudged down S$0.07 to 0.6 per cent to S$11.23.
Other active index counters include Singapore Airlines C6L, which declined 0.2 per cent or S$0.01 to S$4.83, and Singtel Z74 , which went up 0.4 per cent or S$0.01 to S$2.39.
Over on Wall Street, stocks rebounded sharply on Thursday (Dec 2), shrugging off 2 straight negative sessions after concerns over Omicron surfaced in the US.
The Dow Jones Industrial Average finished up 1.8 per cent at 34,639.79. The broad-based S&P 500 jumped 1.4 per cent to 4,577.10, while the tech-rich Nasdaq Composite Index advanced 0.8 per cent to 15,381.32.
Meanwhile, European shares fell more than 1 per cent on Thursday as countries ramped up restrictions to curb the spread of Omicron. The pan-European Stoxx 600 closed down 1.2 per cent, giving back more than half of the previous day's gains when a recovery in the pandemic-exposed sectors triggered the Stoxx 600's best session in almost 6 months.
Elsewhere in the region, Tokyo stocks opened lower on Friday. The benchmark Nikkei 225 index was down 0.1 per cent or 38.23 points at 27,715.14 in early trade, while the broader Topix index edged up 0.1 per cent or 2.70 points to 1,929.07.
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