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Thursday, September 24, 2020-9: 45 am
SINGAPORE shares opened lower on Thursday, following Wall Street losses. The benchmark Straits Times Index (STI) fell 0.4 percent or 9.18 points to 2,471.96 at 9.04 a.m. M.
The losers outnumbered the winners 110 to 33, after 84.5 million securities worth S $ 63.5 million changed hands.
Among the most active accountants by volume was Sembcorp Marine, which fell 0.7 percent or 0.1 Singapore penny to 15 cents as of 9:04 a.m., with 14.2 million shares traded.
Also heavily traded were ComfortDelGro, which gained 0.7% or S $ 0.01 to S $ 1.47, with 2.7 million shares changing hands, and Thai Beverage, which remained stable at S $ 0.59, with 2.8 million shares traded.
The three banks all fell in the first operations. DBS lost 0.1 percent or $ 0.02 to $ 19.87, OCBC fell 0.6 percent or $ 0.05 to $ 8.40, while UOB fell 0.4 percent or $ 0.08 to $ 19.03.
Infocomm’s Media Development Authority said Wednesday that it has partnered with the trio to develop banking solutions, leveraging the national electronic invoicing network InvoiceNow and the electronic payment system PayNow. Separately, DBS and Keppel Corp said Wednesday that they will jointly explore new digital opportunities to meet the needs of customers and suppliers.
Other active index accountants include Wilmar International, which advanced 0.9 percent or S $ 0.04 to S $ 4.42. The proposed listing of its China unit, Yihai Kerry Arawana, is expected to raise 13.9 billion yuan (S $ 2.81 billion), Wilmar said in an exchange presentation on Thursday.
Meanwhile, Singapore’s telecommunications fell 0.5 percent or 0.01 Singapore dollars to 2.19 Singapore dollars, and the Singapore stock market fell 0.2 percent or 0.02 Singaporean dollars to 8.96 dollars. Singaporeans.
In the US, Wall Street stocks tumbled on Wednesday as the September sell-off resumed amid concerns over a second wave of coronavirus and an increasingly contentious US presidential election campaign.
European stocks rose on Wednesday as a rally in travel stocks and earnings from Adidas and other sports names depressed data that highlighted an uneven path for economic recovery in the eurozone.
Elsewhere in Asia, Tokyo stocks opened lower on Thursday, weighed down by the Wall Street slide, but with a stable dollar-yen rate supporting the decline.
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