BullnBearTrading wrote a post · Aug 18, 2023 10:20

Singapore stocks fall at Friday’s open

Singapore shares fell at the opening bell on Friday (Aug 18), tracking tumbles in the US and Europe markets.

$FTSE Singapore Straits Time Index (.STI.SG)$ shed 21.63 points or 0.7 per cent to 3,175.12. Across the broader market, losers outnumbered gainers 77 to 27 after 24.8 million securities worth S$36.8 million changed hands.

The most actively traded counter by volume was $Seatrium (S51.SG)$ , which rose 0.7 per cent or S$0.001 to S$0.137 after 3.4 million of its securities were transacted.

Other counters that were briskly traded included $YZJ Shipbldg SGD (BS6.SG)$ which remained flat at S$1.72, as well as $Koh Eco (5HV.SG)$ , which gained 3.6 per cent or S$0.001 to S$0.029.

Wall Street stocks sank for a third straight season as treasury bond yields surged even further from multi-year highs, with the yield on the 10-year US Treasury note climbing above 4.3 per cent after hitting its 15-year peak on Wednesday. The rise in yields has stoked fears over equities and other risk assets.

$Dow Jones Industrial Average (.DJI.US)$ closed down 0.8 per cent at 34,474.83, while the broad-based $S&P 500 Index (.SPX.US)$ fell 0.8 per cent to 4,370.36. The tech-rich $Nasdaq Composite Index (.IXIC.US)$ shed 1.2 per cent to 13,316.93.

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