Singapore shares fall at Wednesday’s open, tracking global retreat; STI down 0.6%
Wednesday, September 27, 2023       08:50 WIB

SINGAPORE stocks opened weaker on Wednesday (Sep 27), following overnight losses in global markets.
The Straits Times Index (STI) headed down 0.6 per cent or 18.25 points to 3,196.82 as at 9.03 am. Across the broader market, losers outnumbered gainers 75 to 33, after 72.4 million securities worth S$49.2 million changed hands.
The most active counter by volume was Seatrium : S51 -0.75%, which held steady at S$0.133 with 22.6 million shares transacted.
Other heavily traded securities included Thai Beverage : Y92 0%, which fell 0.9 per cent or S$0.005 to S$0.58 with 3.6 million shares traded, as well as Rex International, : 5WH +2.19%which gained 3.3 per cent or S$0.006 to S$0.189 with 2.7 million shares changing hands.
Local banking stocks all tumbled in early morning trade. DBS : D05 -0.78% was trading down 0.5 per cent or S$0.16 at S$33.35. UOB : U11 -1.06% declined 0.9 per cent or S$0.25 to S$28.15, while OCBC : O39 -0.47% lost 0.8 per cent or S$0.10 to S$12.66.
US indices closed on Tuesday back in the red, with weak consumer data adding to the interest rate hikes. The Dow Jones Industrial Average fell 1.1 per cent to 33,618.88. The broad-based S&P 500 tumbled 1.5 per cent to 4,273.53, while the tech-rich Nasdaq Composite Index lost 1.6 per cent to 13,063.61.

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