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Singapore shares resume slightly lower on Thursday; STI at 3,438.15

SINGAPORE shares resumed trading on Thursday afternoon with the Straits Times Index at 3,438.15, down 0.9 per cent, or 30.62 points, on the day as at 1.02pm.

Losers outnumbered gainers 153 to 123, with 708.3 million shares worth S$482.8 million traded.

Among the most active stocks, MDR was the most highly traded stock, flat at S$0.004 with 72.78 million shares changing hands.

Other actives included Allied Tech, with 41.6 million shares changing hands at S$0.071 apiece, up S$0.002, and GSS Energy with 25.05 million shares traded at S$0.17 a share, up S$0.014.

GSS Energy, a precision engineering firm newly venturing into oil exploration, announced it had struck oil and gas in the Trembul field in Indonesia.

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The group hopes, through its subsidiary, to produce some 200 barrels of oil per day (bpd) by the third quarter of next year, and to start gas production by the fourth quarter of 2018.

Other active index stocks include DBS at S$24.91, down 39 Singapore cents with some three million shares traded, and CapitaLand at S$3.54, up three Singapore cents with around 3.41 million shares changing hands.

It had earlier announced that its unit, CapitaLand Mall Trust, had secured its first office tenant in Funan, with co-working startup WeWork leasing 40,000 square foot (sq ft) of space in the upcoming integrated development.

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