Singapore shares open lower on Tuesday

SINGAPORE shares opened lower on Tuesday, extending a retreat on Wall Street on the back of oil price weakness.

At 9.01am, the benchmark Straits Times Index (STI) was down 20.97 points or 0.7 per cent at 2,871.55.

Some 43.8 million shares worth S$76.6 million changed hands.

Losers outpaced winners 77 to 55.