Singapore shares open lower on Wednesday; STI down 0.1% to 3,106.42

SINGAPORE shares opened lower on Wednesday, with the Straits Times Index down 0.1 per cent or 3.49 points to 3,106.42 as at 9.05am. About 63 million shares worth S$83 million in total changed hands, which worked out to an average unit price of S$1.33 per share. Gainers outnumbered losers 74 to 56.

The most actively traded stock was Rex International, which rose S$0.004 or 4.4 per cent to S$0.094 with 11.9 million shares changing hands.

Other actives included Yangzijiang Shipbuilding which rose 6.4 per cent to S$1.16; and Singtel, which was unchanged at S$3.10.

In regional markets, Tokyo's Nikkei fell 0.25 per cent and Australian stocks gave up 0.3 per cent, while South Korea's Kospi managed to eke out a 0.15 per cent gain.