SINGAPORE shares were trading lower at the opening bell on Thursday (Jun 27) after global equities ended mixed overnight.
As at 9.01 am, the Straits Times Index (STI) fell 3.75 points or 0.1 per cent to 3,327.95. Across the broader market, losers outnumbered gainers 64 to 31 after 42.9 million securities worth S$68 million changed hands.
Thai Beverage was the most actively traded counter of the morning, shedding S$0.005 or 1.1 per cent to S$0.46 with 12 million shares transacted.
Other index counters, including Singtel and Seatrium, traded briskly as well. Singtel gained S$0.03 or 1.1 per cent to S$2.73, while Seatrium inched up S$0.01 or 0.7 per cent to S$1.48.
Banking stocks opened lower at the start of the trading week. UOB edged down 0.4 per cent or S$0.11 to S$30.92. OCBC fell 0.8 per cent or S$0.11 to S$14.29 while DBS retreated 0.3 per cent or S$0.10 to S$35.59.
US equities finished higher after Wednesday’s choppy session, led by a surge in shipping giant FedEx.
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The Dow Jones Industrial Average finished up less than 0.1 per cent at 39,127.8. The broad-based S&P 500 gained 0.2 per cent to 5,477.9, while the tech-rich Nasdaq Composite Index climbed 0.5 per cent to 17,805.16.
Shares in Europe slipped at Wednesday’s close as government bond yields rose on concerns about persistent global price pressures ahead of a crucial US inflation report.
The pan-European Stoxx 600 index reversed early gains to end nearly 0.6 per cent down at 514.81, pressured by a rise in bond yields across the eurozone.
