Singapore stocks open lower on Friday
Singapore shares opened lower on Friday (Aug 4) as the global market continues to retreat.
$FTSE Singapore Straits Time Index(.STI.SG$ dropped 8.05 points or 0.2 per cent to 3,296.01. Across the broader market, gainers outnumbered losers 73 to 39 after 86.42 million securities worth S$60.1 million changed hands.
The most actively traded counter by volume was $Addvalue Tech - watch list(A31.SG$ with its share price up S$0.005, or 45.5 per cent after 32 million of its securities were transacted.
$Seatrium(S51.SG$ had 17.9 million of its securities traded with its share price rose by S$0.001, or 0.8 per cent, to S$0.135.
Another counter that was heavily traded was $YZJ Shipbldg SGD(BS6.SG$ , with its share price increased 1.9 per cent to S$1.58 after 8.8 million of its securities changed hands.
Wall Street stocks continued to falter as investors awaited earnings reports from major tech companies and official employment data to be released on Friday.
$Dow Jones Industrial Average(.DJI.US$ dropped 0.2 per cent to 35,215.89, while the broad-based $S&P 500 Index(.SPX.US$ fell 0.3 per cent to 4,501.85. The tech-heavy $Nasdaq Composite Index(.IXIC.US$ dipped 0.1 per cent to 13,959.72.
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