Singapore shares pull back at Thursday’s open tracking global retreat
Singapore shares slipped when trading began on Thursday (Oct 19) following overnight losses on Wall Street and Europe.
$FTSE Singapore Straits Time Index (.STI.SG)$ headed down 0.8 per cent or 25.12 points to 3,111.50 as at 9.01 am. Across the broader market, losers outnumbered gainers 94 to 38, after 84.8 million securities worth S$84.1 million changed hands.
The most active counter by volume was $Seatrium (S51.SG)$ , which lost 1.7 per cent or S$0.002 to S$0.119 with 36.7 million shares traded.
Other heavily traded securities included $CapLand IntCom T (C38U.SG)$ , which was down 1.7 per cent or S$0.03 to S$1.76, with 3.9 million units traded, as well as $Golden Agri-Res (E5H.SG)$ , which held steady at S$0.265, with 3.4 million shares traded.
Other active index counters included $SIA (C6L.SG)$ , which declined 1.9 per cent or S$0.12 to S$6.07, and $Wilmar Intl (F34.SG)$ , which retreated by 1.7 per cent or S$0.06 to S$3.52.
In the US, stocks fell on Wednesday following a set of lacklustre earnings, not helped by investor concerns over the conflict in the Middle East.
$Dow Jones Industrial Average (.DJI.US)$ finished 1 per cent lower at 33,665.08, $S&P 500 Index (.SPX.US)$ lost 1.3 per cent to 4,314.60, and the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ dropped 1.6 per cent to 13,314.30.
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