Singapore stocks fall at Tuesday's open; STI down 0.2%

SINGAPORE shares fell in early trade on Tuesday (Nov 23) after Wall Street's mixed performance overnight.

The Straits Times Index (STI) slipped 0.2 per cent or 6.34 points to 3,230.74 as at 9.03 am.

Losers outnumbered gainers 61 to 56, after 95.3 million securities worth S$56.3 million changed hands.

Gold miner and explorer Shen Yao A78 was the top gainer in terms of volume, falling S$0.001 or 33.3 per cent to S$0.002, after 36.1 million shares were traded.

Suntec Reit T82U also saw brisk trading at the open, rising S$0.01 or 0.7 per cent to S$1.56, with 4.1 million units changing hands.

Index counter CapitaLand Integrated Commercial Trust C38U was among the most actively traded securities on Tuesday morning, with 2.1 million units traded. The counter rose S$0.01 or 0.5 per cent to S$2.20.

The trio of local banks were a sea of red in early trade. DBS was down S$0.06 or 0.2 per cent at S$32.47, UOB fell S$0.08 or 0.3 per cent to trade at S$27.63, while OCBC slipped S$0.01 or 0.1 per cent to S$11.80 as at 9.02 am.

Over on Wall Street, US stocks ended mixed on Monday (Nov 22) following the announcement of a second term for Federal Reserve chair Jerome Powell.

The broad-based S&P 500 shed 0.3 per cent to 4,682.94, while the tech-rich Nasdaq Composite Index dropped 1.3 per cent to 15,854.76. However, the Dow Jones Industrial Average ended higher, rising 0.1 per cent to 35,619.25.

Meanwhile, European shares ended slightly lower on Monday as warnings of tighter lockdown restrictions in Germany overshadowed gains in the region's telecom companies. The pan-European Stoxx 600 dipped 0.1 per cent to 485.46 points.

Elsewhere in Asia, financial markets in Japan are closed on Tuesday for a public holiday.