Singapore stocks fall as economy slumps into recession; STI opens 0.5% lower

Banking stocks were in the red in the early session. DBS shed S$0.15 or 0.7 per cent to S$21.39, United Overseas Bank lost S$0.25 or 1.2 per cent to S$20.59, while OCBC Bank slipped S$0.03 or 0.3 per cent to S$9.16.

Other active counters included Medtecs International which tumbled S$0.07 or 10.3 per cent to S$0.61, and UG Healthcare which dropped S$0.15 or 8.5 per cent to S$1.61. Shares of the two Catalist-listed healthcare players sank on Monday,Singapore Press Holdings fell S$0.02 or 1.6 per cent to S$1.

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Singapore stocks advance at Monday's open; STI up 0.5%SINGAPORE shares rose when trading began at the start of the week, with the key Straits Times Index gaining 12.85 points or 0.5 per cent to 2,665.50 as at 9am. Read more at The Business Times.
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