Singapore stocks open lower on Monday; STI down 0.1%

SINGAPORE stocks slid in early trade on Monday (Feb 20) following losses in the US and European markets.  

The Straits Times Index (STI) fell 0.1 per cent or 3.72 points to 3,324.65 as at 9.01am. Losers outnumbered gainers 75 to 62 after 68 million securities worth S$42.7 million changed hands. 

Sembcorp Marine was the most actively traded on Monday morning, with 29.9 million of its securities changing hands at the open. The counter was down 2.3 per cent or S$0.003 at S$0.128. 

Suntec Real Estate Investment Trust (Reit) was also actively traded in terms of volume with 2.1 million shares changing hands on Monday morning. The Reit was up 0.7 per cent or S$0.01 to S$1.39. 

Lendlease Global Commercial Reit also ranked among the top five actively traded counters in terms of volume, with 1.1 million of its shares changing hands in early trade. The Reit was down 0.7 per cent or S$0.005 at S$0.69. 

The trio of local banks saw mixed activity on Monday morning. UOB was down 0.3 per cent or S$0.1 to S$30.88, while OCBC was down 0.2 per cent or S$0.03 to S$13.1. Meanwhile, DBS was up 0.3 per cent or S$0.11 to S$35.13. 

SEE ALSO

STI rises 0.5% on Friday, bucking regional losses

DECODING ASIA

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

Wall Street stocks ended mostly lower on Friday on worries of more Federal Reserve rate hikes to come.  

The Dow Jones Industrial Average rose 0.4 per cent to close at 33,826.69, while the broad-based S&P 500 declined 0.3 per cent to 4,079.09. Meanwhile, the tech-rich Nasdaq Composite Index fell 0.6 per cent to 11,787.27. 

Europe shares ended lower, with losses driven by energy and technology stocks amid growing worries the Federal Reserve will continue tightening its monetary policy. The Stoxx 600 fell 0.2 per cent after touching its highest level in a year in the previous session to close at 464.3.