The Straits Times Index dropped by 2.48 points, or 0.1%, to 3,340.87 at 9:01 am, The Business Times reports. The broader market saw more gainers than losers, with 57 stocks rising and 43 falling. A total of 46.3 million securities valued at S$55.7 million were traded in early deals.
Jasper Investments was the most actively traded stock by volume, maintaining its price at S$0.008 after 7.9 million shares were traded. Marco Polo Marine also experienced significant trading, with its shares falling by S$0.001, or 1.7%, to S$0.058. Yoma Strategic saw a slight rise, gaining S$0.002, or 1.6%, to reach S$0.126. This increase followed the company’s announcement that it would buy the remaining 20% stake in its subsidiary, Yoma Fleet, for S$18.5 million.
The local banks showed mixed results in early trade. DBS remained unchanged at S$36.05, UOB edged up by S$0.11, or 0.4%, to S$31.22, and OCBC dropped by S$0.06, or 0.4%, to S$14.45.In the United States, stocks ended Thursday subdued as the market waited for new inflation data. The Dow Jones Industrial Average increased by 36.26 points, or 0.1%, to 39,164.06. The S&P 500 rose by 4.97 points, or 0.1%, to 5,482.87, while the Nasdaq Composite increased by 53.53 points, or 0.
In Europe, shares dipped on Thursday as investors were cautious ahead of key global economic data and the initial round of the French elections. The pan-European Stoxx 600 declined for the third consecutive session, closing 0.4% lower at 512.59.
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