Singapore stocks began trading in negative territory on Tuesday (Feb 6) morning, following overnight losses in global equity markets.
$FTSE Singapore Straits Time Index (.STI.SG)$declined 0.2 per centor 5.32 points to 3,128.97 as at 9.03 am. Across the broader market, losers outnumbered gainers 59 to 57, after 112.0 million securities worth S$70.5 million changed hands.
The most active counter by volume was$Seatrium (S51.SG)$, which tradedup 1.0 per centor S$0.001 at S$0.097 with 66.7 million shares transacted. Other heavily traded securities included$Totm Tech (42F.SG)$whichrose 26.3 per centor S$0.005 to S$0.024.
Shares on Wall Street ended on Monday markedly lower, as Treasury yields picked up on concerns over the timing of interest rate cuts this year.