Singapore stocks open lower on Tuesday; STI down 0.1%

SINGAPORE stocks fell in early trade on Tuesday (Apr 11) despite US indices having mostly gained overnight.

The Straits Times Index (STI) dropped 0.1 per cent or 2.09 points to 3,292.34 as at 9.01 am.

Across the broader market, losers outnumbered gainers 64 to 48 after 45.9 million securities worth S$23.6 million changed hands.

Sembcorp Marine shares were among the most actively traded securities by volume on Tuesday morning, with 6.3 million shares changing hands at the open. The counter was up 0.8 per cent or S$0.001 to S$0.121.

Other actively traded counters include Rex International which was down 2.1 per cent or S$0.004 to S$0.186, and Keppel Infrastructure Trust which fell 0.9 per cent or S$0.005 to S$0.525.

The trio of local banks were trading mixed in the morning. DBS was down 0.1 per cent or S$0.03 to S$32.36, while OCBC increased by 0.2 per cent or S$0.02 to S$12.75. UOB fell 0.1 per cent or S$0.02 to S$29.91.

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US stocks ended mostly higher on Monday after the release of March employment figures, which showed the economy added 236,000 jobs last month. 

The Dow Jones Industrial Average closed up 0.3 per cent at 33,586.52. The broad-based S&P 500 gained 0.1 per cent to 4,109.11, while the tech-rich Nasdaq Composite Index fell 0.03 per cent to 12,084.36.

In Europe, markets were closed on Monday for the Easter holidays.