Singapore shares slip at Friday’s open; STI down 0.2%

SINGAPORE equities began trading in negative territory on Friday (Jun 14), mirroring overnight losses in Europe.

As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 5.42 points lower at 3,319.11. Across the broader market, gainers outnumbered losers 46 to 36, with 18.1 million securities worth S$24.7 million having changed hands.

One of the most actively traded counters by volume was Soilbuild Construction , which rose 52.8 per cent or S$0.019 to S$0.055, with 1.4 million shares traded. This came after the group on Thursday announced that it secured a S$647.5 million construction contract, bringing its order book to about S$1.2 billion.

Other heavily traded securities included land transport conglomerate ComfortDelGro , which fell 0.8 per cent or S$0.01 to S$1.33. Shares of Seatrium rose 0.6 per cent or S$0.01 to S$1.71.

Local banking stocks were trading lower at the open. DBS fell 0.6 per cent or S$0.21 to S$35.63. OCBC inched down 0.1 per cent or S$0.02 to S$14.28. UOB slipped 0.2 per cent or S$0.05 to S$30.74.

Wall Street stocks ended mixed on Thursday, with the S&P 500 and Nasdaq indexes closing at record highs for four straight days amid improved inflation data and strong earnings from artificial intelligence player Broadcom. The Dow Jones Industrial Average dipped 0.2 per cent to 38,647.1. The broad-based S&P 500 climbed 0.2 per cent to 5,433.74, while the Nasdaq Composite Index advanced 0.3 per cent to 17,667.56.

SEE ALSO

Stocks to watch: Singtel, Mapletree Logistics Trust, Soilbuild

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In Europe, shares finished lower as investors continued to jitter over the continent’s new tariffs on imported Chinese electric vehicles. The pan-European Stoxx 600 closed down 1.3 per cent at 516.04.