Wednesday 24 January 2018

Singapore shares open lower on Wednesday; STI down 0.1% to 3,587.18

SINGAPORE stocks opened lower on Wednesday, with the Straits Times Index dropping 4.9 focuses, or 0.1 for every penny to 3,587.18 as at 9.04 am.

This came in spite of US stocks rising overnight, with the S&P 500 and Nasdaq Composite shutting on record highs, because of advances for Netflix and toymakers Mattel and Hasbro.

On the Singapore bourse, around 113.6 million offers worth S$205.5 million altogether changed hands. Gainers dwarfed failures 120 to 54.

The most effectively exchanged counters were Sembcorp Marine, which rose 1.56 for each penny, or four Singapore pennies to S$2.61 with 9.4 million offers evolving hands; and Ley Choon Group Holdings which rose 4.55 for each penny, or 0.2 Singapore penny to 4.6 Singapore pennies with 6.98 million offers exchanged.

Other dynamic file stocks included UOB which was down 0.6 for every penny or 17 Singapore pennies to S$28.20; and UOL Group which was down 0.65 for every penny, or six Singapore pennies to S$9.23.

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