Singapore stocks open slightly lower on Friday; STI down 0.1%
Michelle Zhu
SINGAPORE shares dipped on Friday (Jun 23) after global markets ended mixed overnight.
As at 9.01 am, the Straits Times Index (STI) was down 2.73 points or 0.1 per cent to 3,219.7. Across the broader market, losers outnumbered gainers 65 to 45 after 38.9 million securities worth S$49.4 million changed hands.
Index counter Singtel was the most actively traded by volume, with 4.1 million of its shares changing hands at the open. Its share price was unchanged at S$2.50.
Shares of Seatrium were also briskly trading. The company lost S$0.001 or 0.8 per cent to S$0.128 in early trade.
Manulife US Real Estate Investment Trust gained US$0.003 or 1.7 per cent to US$0.176.
The trio of local banks were all trading higher on Friday morning. DBS gained S$0.08 or 0.3 per cent to S$31.90, and UOB added S$0.09 or 0.3 per cent to S$28.14. OCBC inched up S$0.02 or 0.2 per cent to trade at S$12.41.
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US indices closed Thursday mainly higher, led by tech shares, as markets shook off recent weakness.
The tech-rich Nasdaq Composite Index finished up 1 per cent at 13,630.61. The broad-based S&P 500 advanced 0.4 per cent to 4,381.89, while the Dow Jones Industrial Average was essentially unchanged at 33,946.71.
Over in Europe, shares briefly hit their lowest level in nearly three months on Thursday after a bigger-than-expected rate hike by the Bank of England.
The pan-European Stoxx 600 index closed 0.5 per cent lower at 454.7 after falling as much as 1.3 per cent earlier in the day.
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