Singapore shares open lower on Thursday, June 27, following a night of mixed results in global equities.
The Straits Times Index dropped 3.75 points, or 0.1%, to 3,327.95 by 9:01 am, as reported by The Business Times. Thai Beverage was the most actively traded stock in the morning session, dropping S$0.005, or 1.1%, to S$0.46, with 12 million shares changing hands. Other index stocks also saw significant trading activity. Singtel gained S$0.03, or 1.1%, to S$2.73, while Seatrium increased by S$0.01, or 0.7%, to S$1.48.
Banking stocks had a rough start to the trading week. UOB dipped 0.4%, or S$0.11, to S$30.92. OCBC dropped 0.8%, or S$0.11, to S$14.29, and DBS edged down 0.3%, or S$0.10, to S$35.59. US equities ended Wednesday on a positive note, boosted by a strong performance from shipping giant FedEx. The Dow Jones Industrial Average closed slightly up, less than 0.1%, at 39,127.8. The S&P 500 saw a modest increase of 0.2% to 5,477.9, while the Nasdaq Composite Index rose 0.5% to 17,805.16.In Europe, stocks declined by the end of Wednesday’s trading session, mainly because of increasing government bond yields across the eurozone.
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