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Singapore stocks open lower on Friday; STI down 0.1%

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SINGAPORE shares opened slightly lower on Friday amid continued investor caution over ongoing Brexit talks, Covid-19 vaccine developments and US stimulus negotiations. Read more at The Business Times.

Shares of contract manufacturer Hi-P International surged 10.5 per cent to S$2 with some 0.5 million shares worth S$1.1 million changing hands as at 9.03am.

Following a trading halt called on Dec 15, Hi-P International's chairman and controlling shareholder Yao Hsiao Tung on Friday , with a view to delist the company from the Singapore Exchange. The trading halt was lifted after the announcement.on the mainboard. This represents a rise of 7.7 per cent or five Singapore cents from the counter's initial public offering price of S$0.66 per share.on optimism over the economy's 2021 outlook, as coronavirus vaccines advance and Congress appears close to a deal on stimulus spending.

The Nasdaq jumped 0.8 per cent to 12,764.75, finishing at a record for the third straight session, while the broad-based S&P 500 gained 0.6 per cent to end at 3,722.48. Meanwhile, the Dow Jones Industrial Average rose 0.5 per cent to 30,303.37.BT is now on Telegram!

 

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