SINGAPORE shares fell at the opening bell on Monday (Apr 29) morning, despite gains in global markets as investors continue to look out for macroeconomic data.
As at 9.01 am, the Straits Times Index (STI) fell 8.40 points or 0.3 per cent to 3,271.70. Across the broader market, gainers outnumbered losers 57 to 45, after 179.8 million securities worth S$63 million changed hands.
Seatrium : S51 0% was the most heavily traded counter by volume. The counter was up 2.3 per cent or S$0.002 at S$0.091, after 153.4 million securities were transacted.
Other counters that were briskly exchanged included Singtel : Z74 0% which shed 2.9 per cent or S$0.07 to reach S$2.34 after 8.4 million shares changed hands, and Thai Beverage : Y92 0%, which remained flat at S$0.475, after 2.4 million securities were traded.
Banking stocks were mixed during early trade. DBS : D05 0% rose 0.6 per cent or S$0.20 to S$34.62, OCBC : O39 0% retreated 0.5 per cent or S$0.07 to S$14.20, and UOB : U11 0% climbed 0.2 per cent or S$0.05 to S$30.46.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Over on Wall Street, stocks ended higher on Friday, boosted by strong results from tech giants after a bumpy week. The tech-rich Nasdaq Composite Index gained 2 per cent to 15,927.90, and the broad-based S&P 500 rose 1 per cent to 5,099.96. The Dow Jones Industrial Average inched up 0.4 per cent to 38,239.66.
In Europe, strength in banking and industrial stocks propelled the pan-European Stoxx 600 to record its biggest one-day gain in over three months on Friday. The benchmark Stoxx 600 advanced 1.1 per cent to close at 507.98.
