Singapore stocks open lower on Thursday; STI down 0.1%

SINGAPORE stocks dipped at Thursday’s (Sep 7) open after global markets finished lower overnight.

As at 9.01 am, the Straits Times Index (STI) fell 2.23 points or 0.1 per cent to 3,220.65. Across the broader market, gainers outnumbered losers 59 to 45, with 22 million securities worth S$37.5 million changing hands.

Seatrium was the most actively traded stock in terms of volume as at 9.02 am, with 3.6 million securities transacted. The counter rose S$0.001 or 0.7 per cent to S$0.141.

Index counter Singtel was also actively traded, declining S$0.01 or 0.4 per cent to S$2.33.

Another heavily traded counter was Yangzijiang Shipbuilding , which gained S$0.01 or 0.6 per cent to S$1.69.

DBS opened flat at S$33.40, while OCBC remained unchanged at S$12.57. UOB fell S$0.06 or 0.2 per cent to S$28.54.

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Wall Street stocks slumped for a second straight session on Wednesday as declines in Apple and other large tech companies weighed on the broader market. The Dow Jones Industrial Average finished down 0.6 per cent at 34,443.19. The broad-based S&P 500 shed 0.7 per cent to 4,465.48, while the tech-rich Nasdaq Composite Index declined 1.1 per cent to 13,872.47.

European stocks extended losses to a sixth consecutive session on Wednesday as worries about slowing global growth dented risk appetite, while rising bond yields also pressured equities. The pan-European Stoxx 600 index closed at 454.3, 0.6 per cent down, after hitting its lowest level in more than a week earlier in the day.