Singapore shares dip at Wednesday’s open; STI down 0.1%

SINGAPORE stocks opened slightly lower on Wednesday (Dec 6) after global equities closed largely on a positive note.

As at 9.01 am, the Straits Times Index (STI) was down 2.23 points or 0.1 per cent to 3,074.93. Across the broader market, gainers were on par with losers at 47 each, with 21.2 million securities worth S$33.3 million changing hands.

Seatrium was the most actively traded counter by volume. It remained flat at S$0.101 with 3.5 million of its shares moved.

Watchlisted SMI Vantage rose S$0.003 or 6.3 per cent to S$0.051, while Koh Brothers Eco Engineering gained S$0.001 or 4.6 per cent to S$0.023.

Local banking stocks were mixed in early trade. DBS was the sole gainer among the trio, rising S$0.13 or 0.4 per cent to S$31.57. UOB lost S$0.04 or 0.2 per cent to S$27.19, and OCBC slipped S$0.01 or 0.1 per cent to S$12.59.

Wall Street stocks finished mixed on Tuesday after Treasury yields dipped on data suggesting a cooling of the US jobs market.

SEE ALSO

Stocks to watch: Nio, CapitaLand China Trust, Cordlife, Oiltek International

The Dow Jones Industrial Average finished 0.2 per cent lower at 36,124.56. The broad-based S&P 500 slipped 0.1 per cent to 4,567.18, while the tech-rich Nasdaq Composite Index added 0.3 per cent at 14,229.91.

In Europe, Germany’s DAX hit a record high on the back of gains in industrial stocks and insurers.

The DAX Performance Index climbed 0.8 per cent to 16,533.11 at Tuesday’s close, outperforming the Stoxx 600 which ended 0.4 per cent higher at 467.62.