Singapore stocks fall at Tuesday’s open, tracking global sell-off; STI down 0.2%

SINGAPORE stocks opened weaker on Tuesday (Nov 28), following overnight losses on global markets.

The Straits Times Index (STI) headed down 0.2 per cent or 7.11 points to 3,079.31 as at 9.03 am. Across the broader market, gainers outnumbered losers 55 to 49 after 50.7 million securities worth S$64.7 million changed hands.

The most active counter by volume was Seatrium , which lost 0.9 per cent or S$0.001 to S$0.108 after 18.6 million shares changed hands.

Other counters that were actively traded were Thai Beverage , declining 2 per cent or S$0.01 to S$0.50 with 8.5 million shares transacted, and Yangzijiang Shipbuilding , gaining 0.7 per cent or S$0.01 to S$1.48 with 1.9 million shares changing hands.

Banking stocks fell in early morning trade. DBS slipped 0.1 per cent or S$0.03 to S$31.71. UOB dipped 0.2 per cent or S$0.05 to S$27.16 and OCBC lost 0.2 per cent or S$0.03 to S$12.62.

US indices closed lower on Monday, as investors stayed cautious awaiting retail spending and other upcoming economic data. The Dow Jones Industrial Average slipped 0.2 per cent to 35,333.47. The broad-based S&P 500 dipped 0.2 per cent to 4,550.43, while the tech-focused Nasdaq Composite index lost 0.1 per cent to 14,241.02.

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Over in Europe, the index was dragged down by a weaker healthcare sector, while real estate stocks limited losses with sharp gains in UK property portal Rightmove. The pan-European Stoxx 600 index closed Monday down 0.3 per cent at 458.41, with healthcare shares sliding 0.6 per cent.