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Singapore shares open lower on Tuesday; STI eases 0.35%


SINGAPORE stocks opened slightly lower on Tuesday with the Straits Times Index (STI) slipping 0.35 per cent or 9.13 points to 2,598.77 as at 9am following the previous day's rally.

Gainers outnumbered losers 47 to 46, with 28 million shares worth S$51.9 million changing hands.

Among the top actives was Chinese shipbuilder Cosco Corp, falling 9.4 per cent or three Singapore cents to 29 Singapore cents in the wake of a sharp fourth-quarter net loss.

Among the index stocks, property developer CapitaLand eased 0.7 per cent or two Singapore cents to S$2.87.