Singapore stocks open lower on Friday; STI down 0.1%, Stocks

Singapore stocks open lower on Friday; STI down 0.1%, Stocks

Fri, Dec 18, 2020 - 10:10 AM SINGAPORE shares opened slightly lower on Friday amid continued investor caution over ongoing Brexit talks, Covid-1

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Fri, Dec 18, 2020 – 10:10 AM

SINGAPORE shares opened slightly lower on Friday amid continued investor caution over ongoing Brexit talks, Covid-19 vaccine developments and US stimulus negotiations.

The Straits Times Index (STI) slipped 0.1 per cent or 2.82 points to 2,855.2 as at 9.03am.

Gainers outnumbered losers 82 to 45, after some 54.3 million securities worth S$52.5 million changed hands.

Among the top decliners in terms of value traded was ComfortDelGro, which opened 1.2 per cent or S$0.02 lower at S$1.72.

Banking stocks were mixed in early trade. DBS was down 0.3 per cent or S$0.08 at S$25.29, UOB fell 0.3 per cent or S$0.06 to S$22.79, while OCBC rose 0.3 per cent or S$0.03 to S$10.12 as at 9.03am.

Shares of contract manufacturer Hi-P International surged 10.5 per cent to S$2 with some 0.5 million shares worth S$1.1 million changing hands as at 9.03am.

Following a trading halt called on Dec 15, Hi-P International’s chairman and controlling shareholder Yao Hsiao Tung on Friday made a voluntary unconditional general offer at S$2 per share, with a view to delist…



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