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Singapore stocks open lower on Wednesday—STI dipped by 0.4%

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The banking sector also saw declines in early trading as well

Singapore stocks opened lower on Wednesday, July 24, mirroring mixed performances in the US and European markets.

In the broader market, 61 gainers outnumbered 43 losers, as 38.8 million securities worth S$47.6 million were exchanged. Hutchison Port Holdings Trust rose by 3.1% or US$0.004 to US$0.133, with 3.1 million shares changing hands. Mapletree Logistics Trust held steady at S$1.35 after 2.2 million units changed hands.

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