Singapore shares slip at Monday’s open
Singapore stocks started the week on a softer note on Monday (Nov 20), led by declines from banks and other index counters.
$FTSE Singapore Straits Time Index(.STI.SG$ headed down 0.4 per cent or 12.23 points to 3,112.44 as at 9.01 am. Across the broader market, losers outnumbered gainers 61 to 55, after 29.7 million securities worth S$38.6 million changed hands.
The most active counter by volume was $ManulifeReit USD(BTOU.SG$ , which rose 2.1 per cent or US$0.002 to US$0.097, with 3.9 million shares traded.
Other heavily traded securities included $海庭(S51.SG$ , which was up 0.9 per cent or S$0.001 to S$0.108, as well as $Singtel(Z74.SG$ , which lost 0.4 per cent or S$0.01 to S$2.32.
On Monday morning, Singtel announced the resignation of Optus chief executive Kelly Bayer Rosmarin. The move came weeks after a network-wide outage left over 10 million customers without phone or Internet services for 12 hours.
Other active index counters included the $SGX(S68.SG$ , which slid 1.1 per cent or S$0.10 to S$9.44, and $ST Engineering(S63.SG$ , which was down 2.1 per cent or S$0.08 to S$3.79.
In the US, stocks finished Friday in positive territory, as major indices secured a third consecutive week of gains amid expectations that the Federal Reserve would not raise interest rates further.
The broad-based $S&P 500 Index(.SPX.US$ closed 0.1 per cent higher at 4,514.02, while $Dow Jones Industrial Average(.DJI.US$ rose less than 0.1 per cent at 34,947.28. The tech-rich $Nasdaq Composite Index(.IXIC.US$ gained 0.1 per cent at 14,125.48.
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