Singapore stocks open lower on Tuesday; STI down 0.1%

SINGAPORE shares declined in early trade on Tuesday (Jan 10) after US equities ended mixed overnight.

The Straits Times Index (STI) fell 0.1 per cent or 3.09 points to 3,302.58 as at 9.01 am. Gainers matched losers at 53 each as 35.8 million securities worth S$59.9 million changed hands.

Yangzijiang Shipbuilding was the top-traded stock of the morning in terms of volume, rising S$0.01 or 0.9 per cent to S$1.22 with 5.3 million shares transacted.

Another index counter, Singtel , was also heavily traded. The counter was down S$0.03 or 1.2 per cent at S$2.48 after 2.9 million of its shares changed hands. 

Shares of Thomson Medical also saw brisk trading and were up S$0.001 or 1.3 per cent at S$0.078 with some 1.2 million securities moved.

The three local banks were mixed in early trade. DBS fell S$0.02 or 0.1 per cent to S$35.23, while UOB and OCBC each gained S$0.01, or 0.03 per cent and 0.1 per cent respectively, to reach S$30.68 and S$12.71.

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Wall Street stocks finished mixed on Monday as markets looked ahead to critical inflation data and bank earnings later in the week.

The Dow Jones Industrial Average finished down 0.3 per cent at 33,517.65. The broad-based S&P 500 slipped 0.1 per cent to 3,892.09, while the tech-rich Nasdaq Composite Index advanced 0.6 per cent to 10,635.65.

European shares rose to close higher on Monday, extending the year’s upbeat start to a second week. The pan-European Stoxx 600 gained 0.9 per cent by closing time.