[ad_1]
Wed, Oct 28, 2020 – 9:31 AM
SINGAPORE shares opened weaker Wednesday following overnight losses on Wall Street and weaker opens among index counters.
The Singapore Straits Times Index (STI) was down 0.4 percent or 10.83 points to 2,502.04 at 9.03 a.m. M.
The winners outnumbered the losers from 65 to 60, after 68.3 million securities worth S $ 52.3 million changed hands.
The most active accountant by volume was Jiutian Chemical, which was up 2.4 percent or 0.2 Singapore cents to 8.4 cents, with 11.4 million shares traded.
Other highly traded stocks were Rex International, which rose 4.6% or 0.6 Singapore cents to 13.7 cents, with 8.1 million shares traded, as well as Aspen (Group) Holdings, which gained 1, 8% or 0.5 Singapore cents to 28 cents with 3.2 million shares changing hands.
Bank stocks were in the red during the early morning. DBS lost 0.9% or S $ 0.19 to S $ 21.13, UOB decreased 0.7% or S $ 0.13 to S $ 19.15, while OCBC fell 0.8% or S $ 0 .07 to S $ 8.60.
Other active index counters included Venture, which advanced 0.7 percent or S $ 0.13 to S $ 20.27 and the Singapore Stock Exchange, which was down 0.1% or S $ 0.01 to S $ 9.07.
In the US, stocks mostly closed lower on Tuesday amid concerns about the economy and Covid-19, as well as lackluster consumer data and mixed earnings.
The Dow Jones Industrial Average lost 0.8 percent to 27,463.19. The broad-based S&P 500 declined 0.3 percent to 3,390.68, while the technology-rich Nasdaq Composite Index gained 0.6 percent to 11,431.35.
Elsewhere in Asia, Tokyo stocks opened lower on Wednesday after Wall Street losses, and the yen’s appreciation weighed on the market as well. The benchmark Nikkei 225 Index fell 0.5 percent to 23,374.28 in early trading, while the broader Topix Index lost 0.7 percent to 1,606.61.
[ad_2]
