SINGAPORE shares began Tuesday (Nov 5) trading in negative territory after overseas markets ended the previous night lower.
As at 9.02 am, the Straits Times Index (STI) was down 0.3 per cent or 10.08 points at 3,561.96. Across the broader market, losers outnumbered gainers 77 to 50 after 51.9 million securities worth S$70.6 million changed hands.
Mainboard-listed seafood supplier Oceanus was the most actively traded counter by volume. It fell 14.3 per cent or S$0.001 to S$0.006 with 9.1 million securities switching hands.
Other actively traded counters included ThaiBev which increased 1 per cent or S$0.005 to S$0.515 and food and beverage group LifeBrandz which traded flat at S$0.003.
Banking stocks were mostly trading down at open. DBS was down 0.6 per cent or S$0.25 at S$38.81 and OCBC fell 0.5 per cent or S$0.07 to S$15.10 while UOB was trading flat at S$32.03.
Wall Street stocks ended Monday lower as markets anticipated volatility ahead of the upcoming US presidential election.
The Dow Jones Industrial Average declined 0.6 per cent at 41,794.6, as the broad-based S&P 500 fell 0.3 per cent to 5,712.69 and the tech-rich Nasdaq Composite Index dipped 0.3 per cent to 18,179.98.
European shares finished lower as tech stock losses balanced out gains in shares of oil and banks. The pan-European Stoxx 600 Index closed down 0.3 per cent at 509.21, with tech shares leading declines and falling 1.1 per cent.
