SG Morning Highlights: Stocks open lower on Tuesday; STI down 0.4%

Singapore stocks opened weaker on Tuesday after a mixed close on Wall Street.$FTSE Singapore Straits Time Index(.STI.SG)$was down 0.4 per cent or 13.08 points to 3,113.80 as at 9.02am.
Gainers outnumbered losers 86 to 69, with 66.9 million securities worth S$72.0 million changing hands.

The most active counter by volume was $RH PetroGas(T13.SG)$, with 11.9 million shares worth S$2.0 million traded as at 9.02am. Its shares were up 0.1 Singapore cent or 0.6 per cent to 16.9 cents.

$Genting Sing(G13.SG)$was also heavily traded, with 4.6 million shares worth S$3.9 million changing hands. Its shares were down one Singapore cent or 1.2 per cent at 84.5 cents.

Goldman Sachs, Blankfein, Cohn must face shareholder lawsuit over 1MDB scandal
Goldman Sachs Group Inc and two former top executives were ordered by a US judge on Monday to face a lawsuit accusing them of misleading shareholders about the bank's work for 1MDB, a Malaysian fund that became embroiled in a corruption scandal.

ecoWise reinstates deputy CEO; will comply with SGX RegCo's directives
$EcoWise(5CT.SG)$ on Tuesday said it has reinstated the duties of all suspended staff including deputy chief executive Cao Shixuan, who was put on a leave of absence after a June 15 dispute led the company's chief executive Lee Thiam Seng to .

$Yanlord Land(Z25.SG)$and $Ho Bee Land(H13.SG)$: The two groups on Monday said they have entered into an agreement to jointly develop a residential site in Tianjin, China. Yanlord and Ho Bee will hold 51 and 49 per cent effective interest respectively in the project, which will transform the site into a high-end residential development with ancillary community retail space and educational facilities. Shares of Yanlord closed down S$0.01 or 0.8 per cent at S$1.20, and shares of Ho Bee closed down S$0.04 or 1.4 per cent at S$2.86, before the announcement.

$CNMC Goldmine(5TP.SG)$: The Catalist-listed gold producer on Monday said it expects the Malaysian government's decision to extend the nation-wide full lockdown beyond June 28 to negatively affect the group's financial performance for the half-year ending June 30, 2021. Shares of CNMC closed flat at 21.5 Singapore cents on Monday.

$Sabana Reit(M1GU.SG)$: The real estate investment trust's manager (Reit) on Monday rejected a request by Quartz Capital and Black Crane Capital to hold an extraordinary general meeting, for the Reit's independent unitholders to vote on the appointment of hedge fund founder Chan Wai Kheong as its independent non-executive director. Units of Sabana Reit closed 0.5 Singapore cent or 1.2 per cent lower, at 42.5 cents, after the announcement.

$APAC Realty(CLN.SG)$: The property group on Monday said its wholly-owned subsidiary ERA Realty will be Marcus Chu to chief executive officer with effect from July 1. Shares of APAC Realty closed at 63.5 Singapore cents, down 0.5 cent or 0.8 per cent, before the announcement.

$Top Global(BHO.SG)$: The voluntary unconditional cash offer for Top Global has closed with of the total number of shares, the company said on Monday night. As the free float has fallen below 10 per cent, a request will be made to the Singapore Exchange to suspend trading in Top Global shares before 9am on Tuesday. Top Global shares closed down 0.5 Singapore cent or 1.3 per cent to 38.5 cents on Monday.