Singapore shares fall at Friday’s open
Singapore shares began trading in negative territory on Friday (Nov 10) to track overnight losses on Wall Street.
As at 9.03 am, $FTSE Singapore Straits Time Index (.STI.SG)$ was down 19.04 points or 0.6 per cent to 3,116.28. Losers outnumbered gainers 110 to 49 across the broader market, after 72.7 million securities worth S$60.9 million changed hands.
Property company $Capital World (1D5.SG)$ was the top-traded counter of the morning in terms of volume, falling S$0.001 or 33.3 per cent to S$0.002 as 22.3 million of its shares were traded as at 9.05 am.
Index counters $YZJ Shipbldg SGD (BS6.SG)$ and $ThaiBev (Y92.SG)$ were briskly traded as well. The shipbuilder added S$0.01 or 0.7 per cent to S$1.48, while the beverage manufacturer inched down S$0.005 or 0.9 per cent to S$0.525.
US indices slumped at Thursday’s close after Federal Reserve chair Jerome Powell said the US central bank is prepared to hike interest rates further if needed to lower inflation.
$Dow Jones Industrial Average (.DJI.US)$ dropped 0.7 per cent to 33,891.94, while $S&P 500 Index (.SPX.US)$ Index plunged 0.8 per cent to 4,347.35. $Nasdaq Composite Index (.IXIC.US)$ tumbled 0.9 per cent to 13,521.45.
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