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Friday, September 11, 2020-9: 52 am
SINGAPORE stocks opened weaker on Friday following overnight losses on Wall Street as US stocks resumed a downtrend.
The Straits Times Index (STI) fell 0.4 percent or 9.49 points to 2,482.60 at 9:05 a.m. M.
The losers outnumbered the winners from 70 to 51, after 61 million securities worth S $ 50 million changed hands.
The most active accountant by volume was Sembcorp Marine, which fell 3.3 percent or 0.6 Singapore cents to 17.6 cents, with 22.7 million shares changing hands.
Other highly traded stocks include Yangzijiang Shipbuilding, which was up 1.1 percent or Singapore penny to 96.5 cents, with 3.7 million shares traded, and Golden Agri-Resources, which lost 0.7 percent or 1 cent. Singapore 0.1 cent to 14.4 cents, with 1.9 million shares. changing hands.
AEM Holdings advanced 4.6 percent or S $ 0.15 to S $ 3.44, with 1.8 million shares traded. The company, which offers advanced chip testing solutions, on Thursday revised its revenue guidance for fiscal 2020 to between S $ 480 million and S $ 500 million. In its announcement of results for the first half of 2020, it had set it between S $ 460 million and S $ 480 million.
Bank stocks fell in early trading. DBS lost 0.4 percent or S $ 0.08 to S $ 20.46, UOB decreased 0.7% or S $ 0.13 to S $ 19.26, while OCBC fell 0.5% or S $ 0.04 to S $ 8.54.
Other active index accountants include Wilmar International, which held steady at S $ 4.17, and Ascendas Real Estate Investment Trust, which fell 0.9% or S $ 0.03 to S $ 3.24.
In the US, stocks fell back on Thursday, resuming a downward trend from recent sessions as an aid package suffered another setback in Congress.
The technology-rich Nasdaq Composite Index fell 2 percent to 10,919.59, the Dow Jones Industrial Average fell 1.5 percent to 27,534.58, while the S&P 500 fell 1.8 percent to 3,339. , 19.
In other parts of Asia, Tokyo shares opened lower on Friday. The Nikkei 225 Index fell 0.2 percent to 23,190.37, while the Topix Index lost 0.2 percent to 1,622.27.
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