Singapore stocks open Thursday lower; STI down 0.4%
Michelle Zhu
SINGAPORE shares dipped on Thursday (Sep 21), tracking overnight losses on Wall Street.
The Straits Times Index (STI) fell 13.04 points or 0.4 per cent to 3,228.96 as at 9.01 am. Across the broader market, losers outnumbered gainers 69 to 26, with 28.6 million securities worth S$41.1 million changing hands.
The most active counter by volume was Rex International , which fell 1.5 per cent or S$0.003 to S$0.197 with 2.4 million shares traded.
Shares of index names Yangzijiang Shipbuilding and Singtel were heavily traded as well. The vessel producer rose S$0.02 or 1.2 per cent to S$1.69, while the telecommunications provider fell S$0.01 or 0.4 per cent to S$2.45 in early trade.
The local banks opened in negative territory. DBS fell S$0.25 or 0.7 per cent to S$33.43. UOB shed S$0.10 or 0.4 per cent to S$28.41, and OCBC lost S$0.06 or 0.5 per cent to S$12.63.
US stocks slumped at Wednesday’s close following news that the Federal Reserve kept interest rates unchanged.
The Dow Jones Industrial Average finished down 0.2 per cent at 34,440.88. The broad-based S&P 500 shed 0.9 per cent to 4,402.20, while the tech-rich Nasdaq Composite Index tumbled 1.5 per cent to 13,469.13.
Shares in Europe, on the other hand, advanced in a broad-based rally on Wednesday as government bond yields across the continent fell.
The pan-European Stoxx 600 index added 0.9 per cent to 460.66 following two consecutive sessions of losses.
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