Singapore shares open flat on Friday; STI at 3,046.85

SINGAPORE shares opened flat on Friday, with the Straits Times Index down 0.54 point to 3,046.85 as at 9.05am.

About 63 million shares worth S$85 million in total changed hands, which worked out to an average unit price of S$1.36 per share.

Gainers outnumbered losers 78 to 72.

The most actively traded stock was Yangzijiang Shipbuilding, which rose S$0.03 to S$1.26 with 9.4 million shares changing hands.

Other actives included Rex International and Genting Singapore.

Among financials, DBS shares traded S$0.07 or 0.3 per cent lower at S$24.24 while OCBC Bank shares were S$0.03 or 0.3 per cent down at S$10.65.

In Japan, the Nikkei lost 0.36 per cent while the Topix dipped 0.29 per cent as at 8.55am. Meanwhile, Australia's S&P/ASX 200 was 0.1 per cent down, but South Korea's Kospi was 0.6 per cent up.