Singapore stocks open flat on Monday after key exports surprise
Singapore stocks opened relatively unchanged on Monday (Mar 18) morning after data from Enterprise Singapore showed that the country’s non-oil domestic exports fell 0.1 per cent year-on-year in February, weighed down by a decrease in the non-electronics sector.
This represented a reversal from the previous month’s 16.7 per cent expansion and missed the 4.7 per cent median growth forecast by private-sector economists.
$FTSE Singapore Straits Time Index(.STI.SG$ fell 1.2 points or 0.04 per cent to 3,171.76. Across the broader market, losers outnumbered gainers 52 to 36 after 48.5 million securities worth S$48.4 million changed hands.
$ThaiBev(Y92.SG$ was the most heavily traded counter by volume. The index counter was flat at S$0.50 after 7.4 million securities were transacted.
Other companies that were briskly transacted included $Riverstone(AP4.SG$ , which gained S$0.01 or 1.5 per cent to S$0.685, and $Golden Agri-Res(E5H.SG$ which remained unchanged at S$0.27.
Over on Wall Street, stocks largely dipped on Friday, as traders await the US central bank’s interest-rate decision this week. $Dow Jones Industrial Average(.DJI.US$ slipped 0.5 per cent to 38,714.77, and the broad-based $S&P 500 Index(.SPX.US$ declined 0.7 per cent to 5,117.15. The tech-focused $Nasdaq Composite Index(.IXIC.US$ also retreated 1 per cent to 15,973.17.
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