Singapore stocks fall at Tuesday’s open; STI down 0.1%

SINGAPORE shares dipped on Tuesday (Apr 18) morning despite Wall Street’s gains overnight.

The Straits Times Index (STI) was down 0.1 per cent or 4.49 points to 3,314.77 as at 9.01 am. Gainers marginally outnumbered losers 56 to 54 after 31.3 million securities worth S$31 million changed hands.

Thomson Medical was the most active counter by volume, trading flat at S$0.067 after 6.1 million shares changed hands.

Other heavily traded securities included Sembcorp Marine , which was down 0.9 per cent or S$0.001 to S$0.117, as well as Dyna-Mac Holdings , which rose 6.3 per cent or S$0.015 to S$0.255. Manulife US Real Estate Investment Trust fell 1.7 per cent, or US$0.003 to US$0.179.

The trio of local banks were trading mixed in the morning. UOB inched up 0.1 per cent or S$0.02 to S$30.07. OCBC slipped 0.3 per cent or S$0.04 to S$12.84, and DBS was down 0.3 per cent or S$0.09 to S$32.76.

Wall Street stocks ended a choppy session higher on Monday, ahead of a heavy week of corporate earnings and March’s housing starts data. The Dow Jones Industrial Average added 0.3 per cent to end at 33,987.18. The broad-based S&P 500 also advanced 0.3 per cent to 4,151.33, as did the tech-rich Nasdaq Composite Index, which finished at 12,157.72.

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European shares cooled off after five straight sessions of gains on Monday as bank and semiconductor stocks fell. The pan-European Stoxx 600 ended flat at 466.84.