BullnBearTrading wrote a post · Feb 23, 2023 10:56

Singapore shares slip at Thursday’s open tracking global retreat

$FTSE Singapore Straits Time Index (.STI.SG)$ headed down 0.1 per cent or 3.8 points to 3,296.24 as at 9.03 am. Gainers outnumbered losers slightly 58 to 55, after 91 million securities worth S$91 million changed hands.

The most active counter by volume was $Seatrium (S51.SG)$ , which lost 3 per cent or S$0.004 to S$0.13, with 40.7 million shares traded.

Other heavily traded securities included $YZJ Shipbldg SGD (BS6.SG)$ , which was down 1.5 per cent or S$0.02 to S$1.33, with 7.6 million shares traded.

Meanwhile, Yangzijiang Shipbuilding posted a 30 per cent drop in H2 net profit to S$1.4 billion yuan (S$272.3 million).

$Keppel (BN4.SG)$ was trading 27.9 per cent or S$2.05 lower at S$5.29. The counter started trading on an ex-distribution basis on Thursday. This means those who bought the stock from that date will no longer be entitled to the distribution in specie of 19.1 $Seatrium (S51.SG)$ shares per Keppel share held.

Other active index counters included $SIA (C6L.SG)$ , which was up 1 per cent or S$0.06 to S$5.83 and $CapitaLandInvest (9CI.SG)$ , which shed 0.5 per cent or S$0.02 to S$3.83.

The real estate investment manager on Thursday reported a 33.8 per cent drop in net profit to S$428 million for the six months ended Dec 31, 2022, on lower gains from the revaluation of investment properties and asset recycling.

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