Singapore shares fall at Tuesday’s open; STI down 0.3%

SINGAPORE stocks opened weaker on Tuesday (Sep 5) as index counters started the morning mostly in negative territory.

Singapore’s Straits Times Index (STI) headed down 0.3 per cent or 9.18 points to 3,229.79 as at 9.02 am. Across the broader market, gainers and losers were almost evenly matched at 53 to 55, after 39.6 million securities worth S$33.3 million changed hands.

The most active counter by volume was Marco Polo Marine, which held steady at S$0.049 with 4.2 million shares traded.

Other heavily traded securities included Seatrium , which fell 0.7 per cent or S$0.001 to S$0.145 with 3.2 million shares traded, as well as Thai Beverage , which remained unchanged at S$0.58 with three million shares traded.

Other active index counters included CapitaLand Integrated Commercial Trust , which slid 1 per cent or S$0.02 to S$1.91, and Yangzijiang Shipbuilding , which advanced 1.2 per cent or S$0.02 to reach S$1.65, in contrast with other index counters.

Banking stocks declined in early morning trade. DBS was trading 0.3 per cent or S$0.09 lower at S$33.33, UOB lost 0.1 per cent or S$0.04 to S$28.56, while OCBC dropped 0.6 per cent or S$0.07 to S$12.60.

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European shares ended flat on Monday. The pan-European Stoxx 600 hit a four-week high during the day, before finishing unchanged at 457.96. US markets were closed on Monday for Labour Day.