SINGAPORE shares resumed trading in negative territory on Friday, with the Straits Times Index retreating 28.38 points, or 0.88 per cent to 3,203.17 as at 1.01pm.
Decliners outnumbered gainers 222 to 119, after about 628.8 million securities worth S$465.2 million changed hands. Medtecs International was the most heavily traded, rising 1.7 Singapore cents, or 22.4 per cent to 9.3 Singapore cents, with 85.2 million shares traded, while Rex International slipped 0.7 Singapore cent, or 3.9 per cent to S$0.171, with 21.9 million shares traded.
Banking stocks also faltered by the afternoon trade. DBS lost S$0.18, or 0.7 per cent to S$25.52, United Overseas Bank retreated S$0.27, or 1 per cent to S$26.06, and OCBC Bank fell S$0.12, or 1.1 per cent to S$10.95. Meanwhile, Sembcorp Industries sank S$0.10, or 4.6 per cent to S$2.06, after the conglomerate on Thursday night flagged losses for its energy division, and