Singapore stocks open lower on Wednesday—STI dropped by 0.1%

Singapore stocks opened lower on Wednesday, May 29, following mixed results from US markets overnight.

In the broader market, 55 stocks fell and 48 gained, while 51.2 million securities worth S$77 million changed hands. CapitaLand Integrated Commercial Trust also saw significant activity, trading flat at S$1.97 with 4.5 million units transacted. Meanwhile, Singtel’s shares stayed steady at S$2.46, with 2.5 million shares traded.

United Overseas Bank edged up by 0.5%, or S$0.15, to S$30.69, while Oversea-Chinese Banking Corporation fell by 0.6%, or S$0.08, to S$14.42.The movements in the Singapore market followed a night of mixed outcomes on Wall Street. The Nasdaq Composite Index continued its rise, gaining 99.09 points, or 0.6%, to reach a new record high of 17,019.88.

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Singapore stocks started lower on Wednesday—STI dropped by 0.4%Straits Times Index (STI) dropped by 0.4% to 3,287.81
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Singapore stocks opened steady on Tuesday—STI up by 0.01%Straits Times Index (STI) increased by 0.01%, or 0.19 points, reaching 3,303.85
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Singapore stocks started on a lower note on Monday—STI slipped 0.1%Straits Times Index (STI) took a slight dip of 0.1%, or 3.05 points, to 3,287.65
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Singapore stocks kicked off on Tuesday—STI up by 0.2%Straits Times Index went up by 0.2%, or 5.94 points, to 3,309.13
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