Singapore shares retreat at Thursday’s open

$FTSE Singapore Straits Time Index(.STI.SG)$ fell 37.1 points or 1.1 per cent to 3,256.03. Across the broader market, losers outnumbered gainers 84 to 30 after 63.1 million securities worth S$86 million changed hands.

$Genting Sing(G13.SG)$ was the most heavily traded counter by volume. The counter was down 2.7 per cent or S$0.025 at S$0.915, after 16.8 million securities were transacted.

Other counters that were briskly exchanged included $Seatrium(S51.SG)$ which shed 1.2 per cent or S$0.001 to S$0.085, after 8.4 million shares changed hands, and $Yoma Strategic(Z59.SG)$ which was S$0.001 or 2.3 per cent lower at S$0.043, after 3.1 million securities were traded.

Over on Wall Street, stocks closed little changed on Wednesday ahead of key US inflation data. The tech-rich $Nasdaq Composite Index(.IXIC.US)$ eked out a gain of 0.1 per cent to 15,712.75, and the broad-based $S&P 500 Index(.SPX.US)$ rose a marginal 0.02 per cent to 5,071.63. $Dow Jones Industrial Average(.DJI.US)$ ended 0.1 per cent lower at 38,460.92.