Singapore shares fall at Tuesday’s open

On the Singapore bourse, $FTSE Singapore Straits Time Index (.STI.SG)$ headed down 0.8 per cent or 25.63 points to 3,154.90 as at 9.02 am. Across the broader market, losers outnumbered gainers 89 to 49, after 83.6 million securities worth S$56 million changed hands.

The most active counter by volume was $Seatrium (S51.SG)$, which lost 0.9 per cent or S$0.001 to S$0.111 with 34.3 million shares traded.

Other heavily traded securities included $Genting Sing (G13.SG)$ , which declined 1.7 per cent or S$0.015 to S$0.87 with 4.5 million shares traded, and $First Reit (AW9U.SG)$ , which was up 2.1 per cent or S$0.005 to S$0.24.

Other active index counters included $Mapletree Log Tr (M44U.SG)$ , which lost 1.9 per cent or S$0.03 in early trading to reach S$1.55, and $CapitaLandInvest (9CI.SG)$, which traded 1.3 per cent or S$0.04 lower at S$3.09.

Wall Street stocks closed slightly higher on Monday as concerns of further interest rate hikes continued to ease. $Dow Jones Industrial Average (.DJI.US)$ edged up 0.1 per cent to close at 34,095.86.

The broad-based $S&P 500 Index (.SPX.US)$ rose 0.2 per cent to 4,365.98, and the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ finished 0.3 per cent higher at 13,518.78.