SINGAPORE stocks began Thursday (Sep 26) trading in negative territory, mirroring overnight losses in global markets.
As at 9.01 am, the Straits Times Index (STI) decreased 0.3 per cent or 9.6 points to 3,573.67. Across the broader market, gainers outnumbered losers 63 to 29 after 36.1 million securities worth S$81.5 million changed hands.
CapitaLand Integrated Commercial Trust was the most actively traded counter by volume. It was trading up by 1 per cent or S$0.02 at S$2.12 with 4.7 million securities changing hands.
Other actively traded counters included offshore oil-and-gas contractor Dyna-Mac, which rose by 0.8 per cent or S$0.005 to S$0.635 and Chinese exhibitions and events company The Place Holdings which traded flat at S$0.005.
Banking stocks were down in early trade. UOB was down 0.1 per cent or S$0.02 at S$32.50, while DBS fell 0.8 per cent or S$0.32 to S$38.05 and OCBC dropped 0.7 per cent or S$0.11 to S$15.16.
Wall Street stocks ended mixed on Wednesday amid a banner period for markets ahead of key US inflation data. This comes as the market is poised for a “consolidation” period of pause or pullback after surging in the wake of last week’s Federal Reserve interest rate cuts, said analysts.
The Dow Jones Industrial Average closed down 0.7 per cent at 41,914.75 and the broad-based S&P 500 slipped 0.2 per cent to 5,722.26. Meanwhile, the tech-rich Nasdaq Composite Index inched up slightly by almost 0.05 per cent to 18,082.21.
European bourses saw shares close slightly lower as energy stocks tracked lower crude oil prices. The pan-European Stoxx 600 index ended 0.1 per cent lower at 519.14 after two sessions of gains.
