Singapore stocks open lower on Tuesday; STI down 0.5%

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SINGAPORE shares opened lower on Tuesday, amid a largely weaker set of second-quarter results from corporates, and concerns over growing protectionist calls in the Republic. Read more at The Business Times.

Other heavily traded securities include Rex International, which fell 0.6 per cent or 0.1 Singapore cent to 16.5 cents with 2.9 million shares traded, and Sembcorp Marine, which held steady at 20.5 Singapore cents with 2.5 million shares changing hands.

On Monday, preliminary data from the Monetary Authority of Singapore showed that bank lending extended its slide for the fifth straight month in July, dipping 0.2 per cent to S$678.7 billion from the previous month on general weakness in business loans.

 

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