Singapore shares open muted on Monday; STI down 0.01%

SINGAPORE equities were muted at the opening bell on Monday (Jun 24), echoing sentiments on Nasdaq where chipmaker Nvidia closed 3.2 per cent down on Friday, the second day running its share price fell. 

As at 9.01 am, the Straits Times Index (STI) opened 0.01 per cent or 0.18 point lower at 3,305.84. Across the broader market, gainers outnumbered losers 66 to 47 after 32.5 million securities worth S$45.1 million changed hands.

The most actively traded counter by volume of the morning was Jasper Investments with about three million shares traded. The counter opened flat at S$0.008. 

Mencast shares were briskly transacted as well, climbing 6.9 per cent or S$0.002 to S$0.031. Singtel shares were also traded quickly, increasing 0.4 per cent or S$0.01 to S$2.65.

Banking stocks opened lower at the start of the trading week. DBS edged down 0.09 per cent or S$0.03 to S$35.42. OCBC fell 0.2 per cent or S$0.03 to S$14.13, while UOB retreated 0.4 per cent or S$0.12 to S$30.45. 

US stocks finished mixed on Friday after a shortened trading week, with Nvidia slipping as traders moved to consolidate gains from a recent rally in tech stocks.

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Singapore stocks close higher on Friday even as region sees losses; STI up 0.2%

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The Dow Jones Industrial Average rose 0.04 per cent or 15.57 points to 39,150.33. Meanwhile, the S&P 500 lost 0.16 per cent or 8.55 points to 5,464.62 and the Nasdaq Composite lost 0.18 per cent or 32.23 points to 17,689.36.

Over in Europe, shares closed lower on Friday, pressured by falls in technology and banking stocks, while Danish brewer Carlsberg Group was the day’s worst performer after British soft drinks maker Britvic rejected its revised takeover proposal.

The Europe-wide Stoxx 600 ended 0.7 per cent or 3.8 points lower to 515.11, with the technology sub-index losing around 1.3 per cent and eurozone banks sliding 1.7 per cent.