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Singapore: Shares open flat on Monday


SINGAPORE stocks opened flat on Monday, with the Straits Times Index down by 3.82 points or 0.14 per cent to 2,811.42.

This followed a fall in US stocks last week after the reported drop in Chinese exports, and comes as investors are said to be in for another volatile week, marked by uneven earnings and growth data, the US presidential elections and the Federal Reserve's promise to raise rates by the end of the year.

About 98.2 million shares worth S$145.2 million in total changed hands as at 9.01am, which worked out to an average unit price of S$1.48 per share.

The most actively traded counter was Spackman, which rose 2.098 per cent to S$0.146 with 13.8 million shares changing hands. Other actives included LionGold and Swee Hong.

Gainers outnumbered losers 79 to 53.