Singapore stocks dipped on Tuesday (May 9) as investors anticipated key US inflation data to be released later this week.
$FTSE Singapore Straits Time Index (.STI.SG)$lost 11.58 points, or 0.4 per cent, to 3,246.08. Gainers slightly outnumbered losers 52 to 50 after 50.6 million securities worth S$21.9 million traded hands across the broader market.
$Seatrium (S51.SG)$was among the most transacted securities in terms of volume with 24 million shares changing hands. Its share priceremained flatat S$0.129.
$Golden Agri-Res (E5H.SG)$was also traded briskly at the open. The palm oil company’s share prices weredown S$0.005, or 1.9 per cent, to S$0.26 with 2.5 million shares changing hands.
Another actively transacted counter by volume was$Asiatic (5CR.SG)$, which wasup S$0.001 or 50 per centto S$0.003.
US stocks finished mixed on Monday (May 8), as investors looked to the release of key inflation data and a recent survey of lenders by the Federal Reserve showed banks tightening lending standards.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.