Singapore shares dip at Wednesday’s open; STI down 0.2%

SINGAPORE stocks dipped at the opening bell on Wednesday (Jan 24) after global equities turned out a mixed showing overnight.

As at 9.01 am, the Straits Times Index (STI) fell 6.7 points or 0.2 per cent to 3,128.55. Across the broader market, gainers outnumbered losers 68 to 51 as 36.9 million securities worth S$58.8 million changed hands.

Seatrium was the most actively transacted counter in terms of volume, rising S$0.001 or 1 per cent to S$0.105. The group on Tuesday announced that it secured a S$400 million green loan for its sustainability projects.

Units of Mapletree Pan Asia Commercial Trust and Mapletree Logistics Trust were briskly traded as well, though both remained unmoved at S$1.45 and S$1.61, respectively.

OCBC was the sole gainer among the trio of local banks, rising S$0.02 or 0.2 per cent to S$12.92 in early trade. DBS shed S$0.17 or 0.5 per cent to S$31.64, and UOB slid S$0.19 or 0.7 per cent to S$27.85. 

Over on Wall Street, stocks ended Tuesday mixed as corporate earnings results weighed on some companies but sent others surging.

SEE ALSO

Stocks to watch: Suntec Reit, ComfortDelGro, Seatrium, Keppel, Sembcorp, Sabana Reit, GHY Culture

DECODING ASIA

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

The Dow Jones Industrial Average fell 0.3 per cent to 37,905.45, snapping a three-day winning streak. The broad-based S&P 500 closed up 0.3 per cent at 4,864.60, and the tech-heavy Nasdaq Composite Index gained 0.4 per cent to close the day at 15,425.94.

Shares in Europe were down at Tuesday’s close as investors refrained from making big bets ahead of the European Central Bank’s upcoming policy meeting. The pan-European Stoxx 600 index ended 0.3 per cent lower at 471.53.