Singapore shares fall at Wednesday’s open tracking Wall St retreat; STI down 0.5%

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Singapore shares fall at Wednesday’s open tracking Wall St retreat; STI down 0.5%
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SINGAPORE shares pulled back on Wednesday tracking a Wall Street retreat, as investors fret over the risks of a second wave of virus infections. Read more at The Business Times.

SINGAPORE shares pulled back on Wednesday tracking a Wall Street retreat, as investors fret over the risks of a second wave of virus infections.

On the Singapore bourse, the benchmark Straits Times Index fell 12.35 points or 0.5 per cent to 2,575.46 as at 9.01am. Decliners outnumbered advancers 100 to 38, after about 142.9 million securities worth S$167.5 million changed hands. Among the most heavily traded by volume, Mapletree Logistics Trust gained S$0.03 or 1.7 per cent to S$1.82 with 11.2 million units traded, while ComfortDelGro fell S$0.04 or 2.5 per cent to S$1.56 with 9.5 million shares traded.

The trio of banking stocks were down in the early morning trade. DBS fell S$0.01 or 0.1 per cent to S$19.34, UOB slipped S$0.23 or 1.2 per cent to S$19.71, while OCBC Bank lost S$0.04 or 0.5 per cent to S$8.85. Other active index stocks included SATS which dropped S$0.15 or 5.1 per cent to S$2.80, while Singapore Airlines declined S$0.19 or 4.4 per cent to S$4.10.

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