Singapore shares open almost flat on Monday; STI down 0.04%
SINGAPORE shares started the week on a muted note after US equities ended the week mixed, and European shares closed in negative territory.
As at 9.01 am on Monday (May 20), the Straits Times Index (STI) dipped 1.27 or 0.04 per cent to 3,312.21. Across the broader market, gainers outnumbered losers 85 to 47 with 53.9 million shares worth S$54.2 million traded.
Genting Singapore was the top-traded counter by volume, gaining S$0.015 or 1.7 per cent to S$0.915 after 15.1 million securities changed hands.
Shares of Chasen Holdings , which provides specialist relocation solutions, shed S$0.003 or 2.9 per cent to S$0.10 amid heavy volumes. Protective gear manufacturer Medtecs International saw brisk trading as well, rising S$0.009 or 6.1 per cent to reach S$0.156.
DBS was the sole gainer among the trio of local banks, climbing S$0.04 or 0.1 per cent to reach S$35.74 at the open. OCBC fell S$0.06 or 0.4 per cent to S$14.38, and UOB lost S$0.05 or 0.2 per cent to S$30.22.
In the US, Wall Street stocks ended the trading week mixed.
The Dow Jones Industrial Average index rose 0.3 per cent to finish at 40,003.59, passing the 40,000 mark for the first time. The broad-based S&P 500 closed up 0.1 per cent at 5,303.27, while the tech-heavy Nasdaq Composite Index slipped 0.1 per cent to 16,685.97.
European shares finished Friday lower with the rate-sensitive real estate sector coming in among the top decliners, pressured by higher euro zone bond yields.
The pan-European Stoxx 600 dipped 0.1 per cent to end at 522.94.
Copyright SPH Media. All rights reserved.
