Singapore stocks open lower on Monday; STI down 0.4%
Add BT as a preferred sourceSamuel Oh
SINGAPORE shares started the week lower on Monday (Jun 19) after a mixed end to the week in the global markets.
The Straits Times Index (STI) was down 12.44 points or 0.4 per cent to 3,247.59 as at 9.01 am on Monday. Across the broader market, losers outnumbered gainers 57 to 46 after 42 million securities worth S$46.5 million changed hands.
Seatrium was the top traded counter by volume with 9.5 million of its shares changing hands, although the counter remained flat at S$0.131.
Golden-Agri Resources was also flat at the market open, with 5.3 million shares traded and its share price at S$0.27.
Thai Beverage also registered brisk trading, with its share price rising 0.9 per cent or S$0.005 to S$0.585.
The trio of local banks opened lower at Monday’s open. DBS declined 0.3 per cent or S$0.09 to S$31.09. UOB dropped 0.5 per cent or S$0.14 to S$27.82, and OCBC fell 0.7 per cent or S$0.09 to S$12.56.
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US indices posted some reversion and closed lower on Friday after surging last Thursday on news of the interest-rate hike pause by the central bank.
The broad-based S&P 500 decreased 0.4 per cent or 16.25 points to 4,409.59.
The Dow Jones Industrial Average dipped 0.3 per cent or 108.94 points to 34,299.12, and the tech-rich Nasdaq Composite Index dropped 93.25 points or 0.7 per cent to 13,689.57.
The pan-European Stoxx 600 closed on Friday 0.5 per cent or 2.47 points higher to 466.80, supported by the gains in luxury, healthcare and utilities stocks.
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