SINGAPORE shares began Wednesday (Oct 30) trading in negative territory as markets abroad saw mixed results overnight.
As at 9.02 am, the Straits Times Index (STI) was down 0.1 per cent or 2.96 points at 3,587.4. Across the broader market, gainers outnumbered losers 78 to 50 after 53 million securities worth S$86.3 million changed hands.
Healthcare group Livingstone was the most actively traded counter by volume. It was trading up 16.7 per cent or S$0.004 at S$0.028 with 7.4 million securities switching hands.
Other actively traded counters included marine aquaculture specialist Oceanus which traded down 14.3 per cent or S$0.001 at S$0.006, and chemical manufacturer Jiutian Chemical which traded down 3.3 per cent or S$0.001 at S$0.029.
Banking stocks were trading down at the market open. DBS was down 0.7 per cent or S$0.26 at S$39.03, OCBC slipped 0.2 per cent or S$0.03 to S$15.40, and UOB declined 0.9 per cent or S$0.29 to S$32.46.
Wall Street stocks ended Tuesday mixed as technology heavyweights such as Google parent Alphabet posted earnings reports.
The tech-rich Nasdaq Composite Index climbed 0.8 per cent to a record high of 18,712.75. The Dow Jones Industrial Average pulled back 0.4 per cent to 42,233.05, while the broad-based S&P 500 rose 0.2 per cent to 5,832.92.
Europe’s main stock index declined amid bleak quarterly results from major industry players including energy giant BP, drugmaker Novartis and lender Santander. The pan-European Stoxx 600 Index finished 0.6 per cent lower at 517.99, after hitting an over one-week high during the day.
