Singapore shares decline at Thursday's open; STI down 0.5%

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SINGAPORE stocks opened weaker on Thursday, after the European Central Bank announced a surprise 750 billion euro (S$1.18 trillion) scheme to support the eurozone. Read more at The Business Times.

Singapore's Straits Times Index headed down 0.5 per cent or 12.17 points to 2,413.45 as at 9.02am.

Losers outnumbered gainers 104 to 59, after 47.3 million securities worth S$86.4 million changed hands. The most active counter was Rex International, which rose 1 per cent, or 0.1 Singapore cent to 10.2 Singapore cents with 3.5 million shares changing hands. Other heavily traded securities included Singtel, which fell 0.4 per cent or S$0.01 to S$2.46 with 3.2 million shares traded, as well as Keppel DC Reit which dropped 0.5 per cent or S$0.01 to S$1.85 with 2.7 million shares traded.

Banking stocks rose were mixed in early morning trade. DBS was trading up 0.4 per cent or S$0.07 to S$17.97 on a cum-dividend basis, UOB dropped 0.4 per cent or S$0.08 to S$19.12 on a cum-dividend basis, while OCBC Bank fell 0.5 per cent or S$0.04 to S$8.45 on a cum-dividend basis.

 

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