Singapore shares edge down at Tuesday’s open; STI down 0.1% 

SINGAPORE equities began trading in negative territory on Tuesday (Jun 25), following mixed performance overnight in the US and Europe.

As at 9.01 am, the Straits Times Index (STI) opened 0.1 per cent or 2.68 points lower at 3,311.46. Across the broader market, gainers outnumbered losers 60 to 48 after 29.4 million securities worth S$42.5 million changed hands.

One of the most actively traded counters by volume was Thai Beverage, which fell 2.1 per cent or S$0.01 to S$0.46, with 3.3 million shares changing hands.

Other heavily traded securities included Singtel, which declined 0.4 per cent or S$0.01 to S$2.64. Shares of CapitaLand Investment gained 1.1 per cent or S$0.03 to S$2.69.

Banking stocks were trading mixed at the open. DBS rose 0.3 per cent or S$0.10 to S$35.64. OCBC slipped 0.4 per cent or S$0.06 to S$14.25. UOB inched down 0.2 per cent or S$0.06 to S$30.52.

Wall street stocks ended mixed on Monday, as industrial companies recorded gains while tech counters fell. The Dow Jones Industrial Average finished up 0.7 per cent at 39,411.21. The broad-based S&P 500 dropped 0.3 per cent to 5,447.87, while the tech-rich Nasdaq Composite Index tumbled 1.1 per cent to 17,496.82.

In Europe, shares advanced as automobile and financial stocks climbed, while investor attention focused on the first round of French parliamentary elections later this week. The Europe-wide Stoxx 600 closed up 0.7 per cent to 518.87, slightly below a nearly two-week high hit earlier in the session.