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Singapore stocks fell as trading began on Wednesday—STI dropped 0.7% Singapore News

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The Straits Times Index dropped 0.7%, down 24.31 points to 3,687.17 by 9:02 am, as reported by The Business Times. In the broader market, 78 stocks fell compared to 43 that advanced, with 47.

8 million securities valued at S$89.5 million traded.

Frasers Logistics & Commercial Trust also saw high trading activity, falling 3% or S$0.03 to S$0.97 at market opening. Singapore banking stocks also dropped in the morning trade. DBS fell 0.7% or S$0.30 to S$42.04, UOB lost 1.4% or S$0.49 to S$35.04, and OCBC dipped 0.6% or S$0.09 to S$16.08.

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