Singapore stocks open muted on Tuesday; STI down 0.04%

SINGAPORE stocks opened nearly flat in early trade on Tuesday (Feb 21) following gains in the European market.  

The Straits Times Index (STI) fell 0.04 per cent or 1.16 points to 3,307.59 as at 9.03am. Gainers outnumbered losers 66 to 46 after 87.2 million securities worth S$41.8 million changed hands. 

Sembcorp Marine was the most actively traded on Tuesday as at 9.01am, with 31.3 million of its securities changing hands at the open. The counter was up 5.2 per cent or S$0.006 at S$0.122. 

Singtel was also actively traded in terms of volume with 1.7 million shares changing hands on Tuesday morning. The telecommunications company remained unchanged at S$2.44. 

Thomson Medical was also among the top five actively traded counters in terms of volume, with 1.2 million of its shares changing hands in early trade. The medical group remained unchanged at S$0.071. 

The trio of local banks saw mixed activity on Tuesday morning. UOB was down 0.1 per cent or S$0.02 to S$30.65, while OCBC also fell 0.2 per cent or S$0.03 to S$13.02. Meanwhile, DBS was up 0.1 per cent or S$0.03 to S$34.95. 

SEE ALSO

Singapore stocks track Wall Street losses; STI down 0.6%

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Europe shares ended higher, with continued gains in miners on hopes that a demand recovery in China will offset a fall in industrials and shares of Telecom Italia. The Stoxx 600 rose 0.1 per cent to close at 464.64. 

US markets, meanwhile, were closed in observance of Presidents’ Day holiday.