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Singapore shares fall at Tuesday’s open
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 cent or 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 traded up 1.0 per cent or S$0.001 at S$0.097 with 66.7 million shares transacted. Other heavily traded securities included $Totm Tech (42F.SG)$ which rose 26.3 per cent or 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.
$Dow Jones Industrial Average (.DJI.US)$ fell 0.7 per cent to 38,380.12 while the broad-based $S&P 500 Index (.SPX.US)$ retreated 0.3 per cent to 4,942.81. The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ crept down 0.2 per cent to 15,597.68.
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