The Straits Times Index slipped by 0.2%, or 8.88 points, to 3,730.59 by 9:01 am, as reported by The Business Times. In the broader market, 60 stocks gained while 49 fell, with 48.
2 million securities valued at S$63 million traded.
Offshore and marine specialist Seatrium led the trading volume. Its shares rose 0.5%, or S$0.01, to S$1.96, with 1.7 million shares exchanged. Singtel shares, on the other hand, dropped by 0.9%, or S$0.03, to S$3.17. Meanwhile, CapitaLand China Trust rose 0.7%, or S$0.005, to S$0.725. Banking stocks were down as trading began. DBS fell by 0.8%, or S$0.33, to S$42.42, while OCBC dropped by 0.3%, or S$0.04, to S$16.28. UOB slipped by 0.03%, or S$0.01, to S$36.64.
Wall Street stocks closed higher on Monday, as gains held steady from the surge following Donald Trump’s US election win. The Dow Jones Industrial Average gained 0.7% to 44,299.13.The Europe main stock index recorded its best performance in six weeks, driven by defence stocks, as expectations of increased military spending under the Donald Trump presidency grew.
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