SINGAPORE equities began trading in negative territory on Wednesday (Jun 5), after US stocks recovered from an early morning fall to close higher on Tuesday.
As at 9.02 am, the Straits Times Index (STI) opened 0.1 per cent or 3.12 points lower at 3,335.82. Across the broader market, gainers outnumbered losers 62 to 27 after 34.7 million securities worth S$54.1 million changed hands.
The most actively traded counter by volume was LifeBrandz : 1D3 0% with 10 million shares traded. The counter remained flat at S$0.002.
Marco Polo Marine : 5LY 0% shares were briskly transacted as well, gaining 1.5 per cent or S$0.001 to S$0.068. Yoma Strategic : Z59 0% climbed 2.3 per cent or S$0.002 to S$0.09.
Local banking stocks traded lower at the open. DBS : D05 0% fell 0.7 per cent or S$0.25 to S$35.58. OCBC : O39 0% slipped 0.1 per cent or S$0.02 to S$14.37, and UOB : U11 0% declined 0.2 per cent or S$0.05 to S$30.76.
US stocks closed higher on Tuesday, recovering from an early morning dip as fresh data showed US job openings slipped in April to their lowest level since February 2021. The S&P 500 rose 0.2 per cent to 5,291.34, while the Dow Jones Industrial Average closed up 0.4 per cent at 38,711.29. The tech-rich Nasdaq Composite Index also rose 0.2 per cent to close at 16,857.05.
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Shares slipped in Europe on Tuesday as falling commodity prices weighed on mining and energy stocks, though caution remained ahead of the European Central Bank’s interest rate decision later this week. The continent-wide Stoxx 600 closed 0.5 per cent lower at 517.05 points, snapping a three-day winning streak.
