Singapore shares fall at Monday’s open

$FTSE Singapore Straits Time Index(.STI.SG)$ declined 1.2 per cent or 36.44 points to 3,143.33 as at 9.01 am. Across the broader market, losers outnumbered gainers 89 to 46 after 53.6 million securities worth S$91.9 million changed hands.

The most active counter by volume was $Seatrium(S51.SG)$ , which traded flat at S$0.10 with 5.9 million shares transacted. Other heavily traded securities included $Golden Agri-Res(E5H.SG)$ which was also trading flat at S$0.27 with 4.4 million shares changing hands.

Shares on Wall Street advanced on Friday as strong earnings outlooks and a blowout January employment report boosted confidence in the US economy, despite the Federal Reserve being less likely to cut interest rates soon. $Dow Jones Industrial Average(.DJI.US)$ rose 189.23 points or 0.5 per cent to 38,709.07, $S&P 500 Index(.SPX.US)$ gained 60.25 points or 1.2 per cent to 4,966.44, and $Nasdaq Composite Index(.IXIC.US)$ climbed 281.91 points or 1.8 per cent to 15,643.61.