SINGAPORE stocks began Wednesday (Sep 25) trading in negative territory, despite gains in global equities overnight.
As at 9.02 am, the Straits Times Index (STI) shed 14.52 points or 0.4 per cent to 3,608.22. Across the broader market, gainers outnumbered losers 90 to 41, after 56.8 million securities worth S$105 million changed hands.
Offshore and marine specialist Seatrium was the most actively traded counter by volume. The counter rose S$0.03 or 1.7 per cent to S$1.77 after 7.1 million shares changed hands.
Other actively traded names included property developer Ying Li International Real Estate, which gained S$0.007 or 16.3 per cent to S$0.05. Jiutian Chemical Group traded S$0.002 or 7.7 per cent higher at S$0.028.
Banking stocks were down in early trade. DBS fell S$0.17 or 0.4 per cent to S$38.66. OCBC was down S$0.04 or 0.3 per cent at S$15.46, and UOB traded S$0.27 or 0.8 per cent lower at S$32.72.
Wall Street stocks edged to fresh records on Tuesday, as investors shrugged off lacklustre consumer data while welcoming aggressive stimulus measures announced by China.
The Dow Jones Industrial Average gained 0.2 per cent to a record of 42,208.22, while the broad-based S&P 500 advanced 0.3 per cent to a record of 5,732.93. The tech-rich Nasdaq Composite Index closed 0.6 per cent higher at 18,074.52.
In Europe, stocks ended higher on Tuesday, with China-exposed companies such as luxury giants and automakers at the helm of gains, after China’s central bank unveiled broad stimulus measures to aid its ailing economy.
The pan-European Stoxx 600 index closed 0.7 per cent higher at 519.7.
