Singapore stocks muted ahead of Chinese New Year; STI opens 0.02% higher

SINGAPORE shares were little changed on Friday morning, after the Republic confirmed its first case of the Wuhan virus overnight.does not appear to be as deadlyThe benchmark Straits Times Index inched up 0.72 points or 0.02 per cent to 3235.28 as at 9.01am on Friday.Decliners outnumbered advancers 56 to 44, after about 53.1 million shares worth S$66.9 million changed hands.

Among the most heavily traded by volume, Thai Beverage was flat at S$0.79 with 11.4 million shares traded, while Medtecs International was unchanged at S$0.105, with 7.9 million shares traded.Banking stocks were mixed in the early morning trade. DBS gained S$0.10, or 0.4 per cent to S$26.35, United Overseas Bank slipped seven Singapore cents, or 0.3 per cent to S$26.30, and OCBC Bank fell one Singapore cent, or 0.1 per cent to S$11.10.

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