Singapore stocks open lower on Tuesday
Singapore stocks dipped on Tuesday (May 9) as investors anticipated key US inflation data to be released later this week.
$FTSE Singapore Straits Time Index(.STI.SG$ lost 11.58 points, or 0.4 per cent, to 3,246.08. Gainers slightly outnumbered losers 52 to 50 after 50.6 million securities worth S$21.9 million traded hands across the broader market.
$海庭(S51.SG$ was among the most transacted securities in terms of volume with 24 million shares changing hands. Its share price remained flat at S$0.129.
$Golden Agri-Res(E5H.SG$ was also traded briskly at the open. The palm oil company’s share prices were down S$0.005, or 1.9 per cent, to S$0.26 with 2.5 million shares changing hands.
Another actively transacted counter by volume was $Asiatic(5CR.SG$ , which was up S$0.001 or 50 per cent to S$0.003.
US stocks finished mixed on Monday (May 8), as investors looked to the release of key inflation data and a recent survey of lenders by the Federal Reserve showed banks tightening lending standards.
While the broad based $S&P 500 Index(.SPX.US$ and the tech rich $Nasdaq Composite Index(.IXIC.US$ were both up 0.1 per cent and 0.2 per cent to 4,138.12 and 12,256.92 respectively, $Dow Jones Industrial Average(.DJI.US$ closed at 33,618.69, 0.2 per cent down.
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