Wednesday, 7 March 2018

Singapore shares open lower on Wednesday, STI down 0.7%

SINGAPORE stocks opened lower on Wednesday, with the Straits Times Index dropping 25.5 focuses, or 0.7 for every penny to 3,466.42 starting at 9.03 am.

This came as Asian markets, including Tokyo and Australia, got hammered in early morning exchanging after US top monetary guide and a key adversary of tarrifs, Gary Cohn, reported that he would leave from his post.

On the Singapore bourse, around 87.8 million offers worth S$122.9 million changed hands.

Washouts dwarfed gainers 112 to 46.

The most effectively exchanged counters were Genting Singapore which fell 1.77 for every penny, or two Singapore pennies to S$1.11 with 14.9 million offers exchanged; and CWX Global which was up 14 for each penny or 0.1 Singapore penny to 0.8 Singapore penny with 9.9 million offers exchanged.

Other dynamic record stocks included Keppel Corporation which fell 1.6 for every penny to S$7.54, and UOB which was down 1.2 for each penny to S$27.90.

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