SINGAPORE shares fell at Thursday’s (Dec 26) open, reversing from Tuesday’s gains before investors took a break for Christmas.
The Straits Times Index (STI) fell 3.1 points or 0.1 per cent to 3,766.45 as at 9.01 am. Across the broader market, gainers outnumbered losers 59 to 41 after 44.7 million securities worth S$16.3 million changed hands.
Seafood supplier Oceanus was the top-traded counter of the morning in terms of volume, rising S$0.001 or 16.7 per cent to S$0.007 with 10.3 million securities traded.
Shares of Koh Brothers Eco Engineering and Zixin Group were heavily traded as well, each gaining S$0.001, or 2.3 per cent and 3.5 per cent to S$0.045 and S$0.03, respectively.
Earlier before the market opened, Catalist-listed engineering solutions provider Koh Brothers Eco announced it was awarded a S$313.9 million contract by the Land Transport Authority, through its wholly owned subsidiary.
The local banks were all trading lower as at 9.08 am, with DBS falling S$0.16 or 0.4 per cent to S$43.44. UOB dropped S$0.16 or 0.4 per cent to S$36.08, and OCBC fell S$0.03 or 0.2 per cent to S$16.56.
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US stocks rallied on Tuesday in a shortened trading session before the Christmas holiday.
The benchmark S&P 500 finished the session up 1.1 per cent at 6,040.04, and the tech-heavy Nasdaq Composite rose roughly 1.4 per cent to 20,031.13. The Dow Jones Industrial Average climbed around 0.9 per cent to 43,297.03.
Over in Europe, equities were higher at the end of holiday-shortened trading.
The pan-European Stoxx 600 ended 0.3 per cent higher at 503.81.
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