Singapore Equities Open in Negative Territory
SINGAPORE equities began Friday (Jan 10) in negative territory, driven by losses in banking stocks. European markets gained overnight and US markets closed for a day.
Market Performance
As at 9.01am, the Straits Times Index (STI) fell 33.32 points or 0.9 per cent to 3,829.28.
Across the broader market, losers outnumbered gainers 59 to 46, after 36.5 million securities worth S$68.8 million changed hands.
Active Traded Stocks
CapitaLand Integrated Commercial Trust (CICT) was the most actively traded counter by volume. The counter rose S$0.02 or 1 per cent to S$1.97 after 4.4 million shares were moved.
Other actively traded names included OKH Global, which was flat at S$0.028. Meanwhile, glove manufacturer Top Glove declined S$0.005 or 1.2 per cent to S$0.40.
Banking Stocks
Local banking stocks fell at the open after rising to highs earlier in the week. DBS fell 1.4 per cent or S$0.63 to S$44.37, OCBC was down 1.1 per cent or S$0.19 at S$17.31. UOB declined 1.1 per cent or S$0.42 to S$37.16.
Global Markets
Wall Street was closed on Thursday as the US held a national day of mourning for late former president Jimmy Carter.
Over in Europe, markets ended on a high note, driven by a rally in the healthcare and mining sectors, despite uncertainties over monetary policy and US president-elect Donald Trump’s tariff plans.
The pan-European Stoxx 600 index rose 0.4 per cent to 515.84, buoyed by a rally in the basic resources sector.
Conclusion
Singapore equities opened in negative territory on Friday, driven by losses in banking stocks. The Straits Times Index fell 0.9 per cent to 3,829.28, with losers outnumbering gainers 59 to 46. Despite the negative performance, some actively traded stocks showed gains, including CapitaLand Integrated Commercial Trust and OKH Global.
FAQs
Q: Why did Singapore equities open in negative territory?
A: The decline was driven by losses in banking stocks.
Q: Which stocks were actively traded?
A: CapitaLand Integrated Commercial Trust, OKH Global, and Top Glove were among the most actively traded stocks.
Q: How did European markets perform?
A: European markets ended on a high note, driven by a rally in the healthcare and mining sectors.
Q: Why was Wall Street closed?
A: Wall Street was closed on Thursday as the US held a national day of mourning for late former president Jimmy Carter.
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