Singapore stocks open lower on Thursday; STI down 0.8%

SINGAPORE shares opened lower on Thursday, with the benchmark Straits Times Index falling 0.8 per cent or 21.31 points to 2,539.73 as at 9.07am. Losers outnumbered gainers 96 to 57, after 115.9 million securities worth S$139.7 million changed hands.

Among the most active counters by volume was Wilmar International, which fell 8.9 per cent or S$0.43 to S$4.43, with 6.7 million shares changing hands as at 9.04am. Singapore Telecommunications fell 0.4 per cent or S$0.01 to S$2.23, with 2.6 million shares traded, while Genting Singapore lost 1.4 per cent or one Singapore cent to 69.5 cents.

The trio of local banks all fell in early trade. DBS sank 0.8 per cent or S$0.16 to S$20.72. The lender on Thursday said it is providing ato build a floating solar photovoltaic system on Tengeh Reservoir in Tuas. UOB lost 0.4 per cent or S$0.08 to S$19.98, while OCBC Bank dropped 0.5 per cent or S$0.04 to S$8.86.

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