Singapore shares fall on Monday; STI down 0.5%
Vivienne Tay
SINGAPORE stocks opened weaker on Monday (Oct 16) following a global retreat last Friday as traders worried over inflation as well as the conflict between Israel and the militant group Hamas.
The Straits Times Index (STI) headed down 0.5 per cent or 14.53 points to 3,171.26 as at 9.02 am. Across the broader market, losers outnumbered gainers 67 to 45, after 44.2 million securities worth S$44.4 million changed hands.
The most active counter by volume was Seatrium , which held steady at S$0.126 with 13 million shares traded.
Other heavily traded securities included Rex International , which gained 2.7 per cent or S$0.005 to S$0.188, with 8.3 million shares traded, and RH Petrogas , which advanced 5 per cent or S$0.01 to S$0.21 with three million shares traded.
Banking stocks started the week in negative territory. DBS was down 1.1 per cent or S$0.36 to S$33.41. Its banking services resumed on Sunday after over 12 hours of disruptions to its digital, ATM and payment functions. UOB lost 0.8 per cent or S$0.23 to S$28.11, while OCBC slipped 0.3 per cent or S$0.04 to S$12.94.
Wall Street stocks finished lower on Friday following a volatile week. The Dow Jones Industrial Average inched up 0.1 per cent to 33,670.29, while the S&P 500 Index fell 0.5 per cent to 4,327.78. The tech-heavy Nasdaq Composite Index declined 1.2 per cent to end at 13,407.23.
SEE ALSO
European shares were also pulled into negative territory on Friday. The pan-European Stoxx 600 index closed 1 per cent lower, as technology and travel as well as leisure sectors led losses.
Copyright SPH Media. All rights reserved.
