Singapore shares open flat on Wednesday; STI dips 0.02%
Michelle Zhu
SINGAPORE stocks opened Wednesday (Dec 13) on a muted note after global equities ended mixed overnight.
As at 9.01 am, the Straits Times index (STI) was down 0.02 per cent or 0.5 point at 3,101.8. Across the broader market, losers slightly outnumbered gainers 48 to 47 after 54.9 million securities worth S$54.8 million changed hands.
Catalist-listed medical group Quantum Healthcare was the most actively traded counter in terms of volume, dipping S$0.001 or 33.3 per cent to S$0.002 with nine million shares traded.
ESR-Logos Real Estate Investment Trust (Reit) was briskly traded as well. Units of the Reit advanced S$0.005 or 1.6 per cent to S$0.315 amid heavy volumes.
Index counter Thai Beverage shed S$0.005 or 1 per cent to S$0.495 in early trade.
The local banks were trading mixed at the open. DBS rose S$0.12 or 0.4 per cent to S$31.69, while OCBC slipped S$0.01 or 0.1 per cent to S$12.49. UOB was unmoved at S$27.68.
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Wall Street shares shook off early weakness to finish Tuesday higher, extending a rally following mixed inflation data.
The Dow Jones Industrial Average finished up 0.5 per cent at 36,577.94. The broad-based S&P 500 advanced 0.5 per cent to 4,643.70, while the tech-rich Nasdaq Composite Index jumped 0.7 per cent to 14,533.40.
In Europe, traders pulled back bets that the Federal Reserve could start interest rate cuts as soon as March.
The pan-European Stoxx 600 slipped 0.2 per cent to 472.72 by the close, though the benchmark stock indices of the French and German markets touched record highs briefly in intraday trade.
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