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Mon, September 28, 2020-9: 36 am
SINGAPORE shares opened slightly lower on Monday as the three local banks started the day weaker.
The Singapore Straits Times Index (STI) fell 0.1 percent or 1.19 points to 2,471.09 at 9.03 a.m. M.
The winners outnumbered the losers 72 to 48, after 67.7 million securities worth S $ 37.8 million changed hands.
The most active accountant by volume was Jiutian Chemical, which was up 2% or 0.1 Singapore cent to 5.2 cents with 13.7 million shares changing hands.
It was followed by Vicplas International, which plunged 22.2 percent or S $ 0.10 to S $ 0.35, with 10.1 million shares traded. The company, which makes medical devices and tubing, posted a 17.7 percent increase in net profit to nearly S $ 5 million for the fiscal year ending July 31, but lowered its proposed final dividend.
Another highly traded security was Sembcorp Marine, which advanced 0.7% or 0.1 Singapore cent to 14.3 cents, with 2.1 million shares traded.
Bank stocks were in the red during the early hours of the morning. DBS was down 0.5 percent or S $ 0.10 to S $ 19.91, the UOB fell 0.5 percent or S $ 0.09 to S $ 19.01, while OCBC was down 0, 4 percent or 0.03 Singaporean dollars to 8.43 Singaporean dollars.
Other active index accountants included Singtel, which held steady at S $ 2.14 and Wilmar International, which rose 0.5 percent or S $ 0.02 to S $ 4.42.
In the US, stocks posted their best session of the week on Friday, with tech stocks leading the market higher. The Nasdaq Composite Index rose 2.3 percent to 10,913.56 as the indices jolted from initial weakness.
The Dow Jones Industrial Average closed 1.3% higher at 27,173.96, while the S&P 500 advanced 1.6% at 3,298.46.
In other parts of Asia, Tokyo shares opened higher on Monday. The benchmark Nikkei 225 Index rose 0.8 percent to 23,380.66 in early trading, while the broader Topix Index gained 0.8 percent to 1,646.72.
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