Singapore shares muted at Tuesday’s open; STI down 0.01%

SINGAPORE stocks opened little changed on Tuesday (Jul 4), following overnight losses in Europe and a muted performance on Wall Street.

On the Singapore bourse, the Straits Times Index (STI) edged down 0.01 per cent or 0.41 point to 3,206.69 as at 9.02 am. Across the broader market, gainers outnumbered losers 59 to 54, after 42.4 million securities worth S$39.4 million changed hands.

One of the most actively traded stocks by volume was Golden Agri-Resources , which held steady at S$0.245; 5.4 million shares changed hands.

Other heavily traded counters included ESR-Logos Reit , which remained unchanged at S$0.33, with 3.1 million shares transacted, and Thai Beverage Public Company , which rose 0.9 per cent or S$0.005 to S$0.575.

The trio of local banks were trading mixed at 9.02 am. DBS dropped S$0.02 or 0.1 per cent to S$31.49. UOB lost S$0.06 or 0.2 per cent to S$27.93, and OCBC gained S$0.04 or 0.3 per cent to S$12.35.

US indices closed on Monday little changed, with losses in the healthcare stocks offsetting gains in Tesla and bank shares.

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The tech-rich Nasdaq Composite Index finished up 0.2 per cent at 13,816.93. The broad-based S&P 500 advanced 0.1 per cent to 4,455.13, and the Dow Jones Industrial Average gained marginally to 34,414.62.

European shares closed lower on Monday, as losses by healthcare stocks overshadowed gains by insurer Generali and miners. The pan-European Stoxx 600 index dropped 0.2 per cent after gaining as much as 0.4 per cent earlier in the day.