Singapore shares fall at Friday’s open
Singapore stocks fell on Friday (Mar 15) morning, after global equities took a hit overnight.
$FTSE Singapore Straits Time Index(.STI.SG$ fell 29.66 points or 0.9 per cent to 3,156.74. Across the broader market, losers outnumbered gainers 82 to 34 after 97 million securities worth S$98.8 million changed hands.
$Seatrium(S51.SG$ was the most heavily traded counter by volume. It declined 1.1 per cent to S$0.091 after 45.2 million securities were transacted.
Other companies that were briskly traded included $Singtel(Z74.SG$ which shed S$0.05 or 2 per cent to S$2.43, and $Genting Sing(G13.SG$ which fell S$0.005 or 0.6 per cent to S$0.895.
Over on Wall Street, stocks largely slumped on Thursday, as a higher than anticipated wholesale prices report rekindled worries over inflation and pushed Treasury yields up.
$Dow Jones Industrial Average(.DJI.US$ closed 0.4 per cent lower at 38,905.66, and the broad-based $S&P 500 Index(.SPX.US$ declined 0.3 per cent to 5,150.48. The tech-heavy $Nasdaq Composite Index(.IXIC.US$ also retreated 0.3 per cent to 16,128.53.
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