SINGAPORE equities began Friday (Jan 10) in negative territory, driven by losses in banking stocks. European markets gained overnight and US markets were closed for a day.
As at 9.01am, the Straits Times Index (STI) fell 33.32 points or 0.9 per cent to 3,829.28.
Across the broader market, losers outnumbered gainers 59 to 46, after 36.5 million securities worth S$68.8 million changed hands.
CapitaLand Integrated Commercial Trust (CICT) was the most actively traded counter by volume. The counter rose S$0.02 or 1 per cent to S$1.97 after 4.4 million shares were moved.
Other actively traded names included OKH Global, which was flat at S$0.028. Meanwhile, glove manufacturer Top Glove declined S$0.005 or 1.2 per cent to S$0.40.
Local banking stocks fell at the open after rising to highs earlier in the week. DBS fell 1.4 per cent or S$0.63 to S$44.37, OCBC was down 1.1 per cent or S$0.19 at S$17.31. UOB declined 1.1 per cent or S$0.42 to S$37.16.
Wall Street was closed on Thursday as the US held a national day of mourning for late former president Jimmy Carter.
Over in Europe, markets ended on a high note, driven by a rally in the healthcare and mining sectors, despite uncertainties over monetary policy and US president-elect Donald Trump’s tariff plans.
The pan-European Stoxx 600 index rose 0.4 per cent to 515.84, buoyed by a rally in the basic resources sector.
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