SINGAPORE shares started trading in negative territory on Monday (Jan 27), mirroring the global markets.
As at 9.01 am, the Straits Times Index (STI) opened down 0.3 per cent or 11.72 points at 3,792.54. Across the broader market, losers outnumbered gainers 61 to 52 after 45.9 million securities worth S$86.6 million changed hands.
As at 9.02 am, among the actively traded counters by volume was Suntec Real Estate Investment Trust, which fell 1.7 per cent or S$0.02 to S$1.19, after 12.9 million units changed hands.
Shares of Genting Singapore dropped 0.7 per cent or S$0.005 to S$0.74. Shares of Thomson Medical Group fell 6.1 per cent or S$0.003 to S$0.046.
Banking stocks were down. DBS shares were 0.3 per cent or S$0.11 lower at S$43.40. UOB shares fell 0.8 per cent or S$0.31 to S$36.94. OCBC shares were down 0.2 per cent or S$0.03 at S$17.04.
Wall street stocks fell, with all three major indices moving into negative territory on Friday, following mixed earnings in a move attributed to profit taking.
The S&P 500, which closed at a record on Thursday, down 0.3 per cent at 6,101.24. The Dow Jones Industrial Average declined 0.3 per cent to 44,424.25, and the tech-rich Nasdaq Composite Index dropped 0.5 per cent to 19,954.3.
Similarly, European shares also pulled back from record highs and ended flat on Friday, weighed down by declines in the telecom and energy sectors, while rising bond yields further added downward pressure. The pan-European-Stoxx 600 closed 0.1 per cent lower at 530.07 points.
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