Singapore stocks edge down; STI opens 0.1% lower

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SINGAPORE shares opened little changed on Monday, with the benchmark Straits Times Index (STI) shedding about 0.1 per cent or 1.76 points to 2,488.33 as at 9.05am. Read more at The Business Times.

Other active index counters at Monday's open included Singtel, which fell 0.4 per cent or S$0.01 to S$2.24. Keppel Corp lost 0.2 per cent or S$0.01 to S$4.17, while Wilmar international edged down by 0.5 per cent or S$0.02 to S$4.18.

Healthcare plays Top Glove and Medtecs International enjoyed gains in early trade. Glove manufacturer Top Glove climbed 10.1 per cent or S$0.26 to S$2.84 and was the top traded counter by value, while medical apparel maker Medtecs' shares increased 1.5 per cent or S$0.02 to S$1.32. In the US, Nasdaq slid while the S&P 500 closed little changed on Friday as early gains in technology and growth names faded. Each of the three major Wall Street averages posted their second straight weekly decline.

European shares ended a choppy trading session higher on Friday, as investors weighed signs of a pick up in merger and acquisition activity against the economic threat from growing prospects of a no-deal Brexit. Elsewhere in Asia, Tokyo stocks opened higher on Monday on hopes of economic recovery as Tokyo was added to a government domestic tourism campaign intended to boost an economy hit hard by the coronavirus.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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