Singapore stocks open lower on Friday; STI down 0.5%

The trio of local banks put in a mixed showing in early trade.40 per cent fall in Q2 net profit

on surging provisions, as the bank joined its peers in bumping up provisions to buffer against bad loans to emerge amid the pandemic-fuelled crisis.Other active index counters include the Singapore Exchange, which gained 1.5 per cent or S$0.13 to S$8.73. Riverstone Holdings gained 5.3 per cent or S$0.24 to S$4.77.to S$96.6 million due to the impact of Covid-19 measures on its residential, retail and lodging businesses.

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