Singapore shares muted at Tuesday’s open; STI down 0.02%
SINGAPORE shares were little changed on Tuesday (May 21) following a mixed showing on Wall Street and slight gains in Europe overnight.
Singapore’s Straits Times Index headed down 0.02 per cent or 0.71 point to 3,313.34 as at 9.01 am, amid mixed trading among bank counters.
One of the most active counters by volume was Genting Singapore , which rose 0.6 per cent or S$0.005 to S$0.915, with 1.7 million shares changing hands.
Other heavily traded securities included Singtel , which lost 0.4 per cent or S$0.01 to S$2.40 with 1.7 million shares traded, as well as Mapletree Logistics Trust , which was down 1.5 per cent or S$0.02 to S$1.35 with 787,700 shares traded.
Banking stocks were mixed in early morning trade. DBS was flat at S$35.80, UOB rose 0.2 per cent or S$0.06 to S$30.30, while OCBC declined 0.1 per cent or S$0.02 to S$14.39.
Other active index counters included Singapore Airlines , which was down 0.3 per cent or S$0.02 to S$6.75, and CapitaLand Integrated Commercial Trust , which gained 1 per cent or S$0.02 to S$1.99.
In the US, the Nasdaq Composite Index finished 0.7 per cent higher at 16,794.88 topping last week’s record, following gains by several tech counters.
The Dow Jones Industrial Average slipped 0.5 per cent to 39,806.77, while the broad-based S&P 500 closed 0.1 per cent higher at 5,308.13.
European shares closed slightly higher on Monday, supported by defence stocks. The pan-European Stoxx 600 index edged up 0.2 per cent.
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