Singapore stocks open lower on Friday; STI down 0.1%

SINGAPORE shares fell on Friday (Apr 28) morning, despite gains in global markets overnight.

As at 9.01 am, the Straits Times Index (STI) fell 0.1 per cent or 2.54 points to 3,279.49. Across the broader market, gainers outnumbered losers 84 to 33 after 89.3 million securities worth S$53.7 million changed hands.

Sembcorp Marine was the top-traded counter in terms of volume, increasing 0.8 per cent or S$0.001 to S$0.122 after 37.2 million securities were transacted.

Other heavily traded securities included The Place Holdings, with 11.7 million shares changing hands. The counter remained flat at S$0.006.

Yangzijiang Shipbuilding rose 0.8 per cent or S$0.01 to S$1.25, while Suntec Real Estate Investment Trust fell 0.7 per cent or S$0.01 to S$1.37.

The three local banks traded mixed. DBS gained 0.4 per cent or S$0.14 to S$32.90. UOB dropped 2.4 per cent or S$0.71 to S$28.40, while OCBC increased 0.4 per cent or S$0.05 to S$12.62.

SEE ALSO

Stocks to watch: CICT, MPACT, Mapletree Industrial Trust, CDLHT, FEHT, FHT, Japfa

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Major US indices ended higher on Thursday following strong results from Facebook parent Meta, while banking shares bounced. Tech-rich Nasdaq Composite Index jumped 2.4 per cent to 12,142.24. The Dow Jones Industrial Average climbed 1.6 per cent to 33,826.16, while the broad-based S&P 500 gained 2 per cent to 4,135.35.

In Europe, shares ended higher on Thursday, supported by positive earnings. The pan-European Stoxx 600 index was up 0.2 per cent to 464.03, gaining for the first time in three sessions.