Singapore stocks open Monday lower
Singapore shares started the week lower after US equities ended down on Friday.
$FTSE Singapore Straits Time Index(.STI.SG$ was down 4.19 points or 0.1 per cent to 3,204.36. Losers outnumbered gainers 75 to 51 after 63 million securities worth S$64.5 million changed hands.
$Seatrium(S51.SG$ was the morning’s top-traded counter in terms of volume, rising S$0.001 or 0.8 per cent to S$0.125 after 14.8 million of its shares were traded.
Index counters $ThaiBev(Y92.SG$ and $Singtel(Z74.SG$ were also actively traded. The beverage giant was trading S$0.015 or 2.5 per cent higher at S$0.605, while the telecommunications provider rose S$0.02 or 0.8 per cent to S$2.59.
Wall Street equities retreated slightly at Friday’s close after it was announced that key talks between President Joe Biden and Republican congressional leaders would be postponed.
$Dow Jones Industrial Average(.DJI.US$ less than 0.1 per cent to 33,300.62. The broad-based $S&P 500 Index(.SPX.US$ shed 0.2 per cent to 4,124.08, while the tech-rich $Nasdaq Composite Index(.IXIC.US$ declined 0.4 per cent to 12,284.74.
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