Singapore stocks open lower on Tuesday; STI down 0.1%

SINGAPORE shares fell on Tuesday (Apr 25) morning after global markets closed mixed or flat overnight.

As at 9.02am, the Straits Times Index (STI) fell 0.1 per cent or 1.72 points to 3,322.83. Across the broader market, gainers were on a par with losers at 56 after 41.1 million securities worth S$57.2 million changed hands.

Index counter Thai Beverage was the top-traded counter in terms of volume, increasing S$0.005 or 0.8 per cent to S$0.655 after 5.5 million securities changed hands.

Integrated resort operator Genting Singapore was also actively traded, shedding S$0.01 or 0.9 per cent to S$1.16.

Singtel, another index counter, fell S$0.02 or 0.8 per cent to S$2.52.

The trio of local banks were trading mixed. DBS rose S$0.08 or 0.2 per cent to S$32.95, while OCBC fell S$0.04 or 0.3 per cent to S$12.78. UOB inched up S$0.02 or 0.1 per cent to S$29.60.

Major US indices ended mixed on Monday, ahead of closely-watched corporate earnings and economic data in the coming days.

The Dow Jones Industrial Average finished 0.2 per cent higher at 33,875.40. The broad-based S&P 500 added 0.1 per cent at 4,137.04, while the tech-rich Nasdaq Composite Index dipped 0.3 per cent to 12,037.20.

In European markets, shares ended flat on Monday at the beginning of a week packed with high-profile earnings, while shares of Dutch health technology company Philips jumped after strong first-quarter results.

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The pan-European Stoxx 600 index fell 0.01 per cent to 468.97 points, keeping to a narrow three-point range for most of the day.