Singapore stocks open flat on Tuesday; STI remains unchanged 

SINGAPORE stocks traded muted on Tuesday (Apr 2) morning, tracking the US market’s subdued performance. 

As at 9.01 am, the Straits Times Index (STI) was flat, rising just 0.02 point to 3,234.91. Across the broader market, decliners outnumbered advancers 58 to 57 after 80.6 million securities worth S$39.6 million changed hands. 

Seatrium was the most heavily traded counter by volume. It rose S$0.001 or 1.2 per cent to S$0.088, with 13.6 million securities transacted. 

Other counters that were briskly traded included VCPlus, which was down S$0.001 or 33.3 per cent at S$0.002 after four million securities were exchanged, and Thomson Medical, which gained S$0.001 or 1.8 per cent to S$0.056 with 3.2 million securities changing hands.

The three local banks were mixed in early trade, with DBS declining S$0.05 or 0.1 per cent to S$35.86. OCBC inched up S$0.01 or 0.1 per cent to S$13.57, and UOB climbed S$0.10 or 0.3 per cent to S$29.54. 

Over on Wall Street, US equities mostly fell at Monday’s close, following a mix of strong US manufacturing data and inflation worries. The Dow Jones Industrial Average retreated 0.6 per cent to 39,566.85, while the broad-based S&P 500 shed 0.2 per cent to 5,243.77. The tech-rich Nasdaq eked out a gain, climbing 0.1 per cent to close at 16,396.83. 

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European markets were closed on Monday in observance of Easter.