Singapore stocks fall at Friday’s open; STI down 0.2%
Friday, November 25, 2022       09:32 WIB

SINGAPORE stocks fell in early trade on Friday (Nov 25), following quieter trading sessions as US markets were closed for the Thanksgiving holiday.
The Straits Times Index (STI) declined 0.2 per cent or 7.28 points to 3,245.6 as at 9.01 am. Losers outnumbered gainers 46 to 44 after 56.4 million securities worth S$43.4 million changed hands.
Shares of Chip Eng Seng : C29 -1.38% were the most actively traded security by both value and volume on Friday morning, with 13.2 million securities transacted as at 9.01 am. The counter fell 0.7 per cent or S$0.005 to S$0.72, after news that the property player's chairman had made an offer to privatise the company.
Marco Polo Marine : 5LY -2.27%also saw brisk trading activity, with 13.2 million shares changing hands as at 9.01 am. The counter rose 2.3 per cent or S$0.001 to S$0.045. The company on Thursday posted a 19 per cent rise in net profit to S$10.5 million for the second half of its fiscal year.
CapitaLand China Trust : AU8U +1.94% was one of the top three gainers. The counter rose by 1 per cent or S$0.01 to stand at S$1.04 as at 9.01 am.
The trio of local banks was trading lower on Friday morning. DBS : D05 -0.31% was down 0.5 per cent or S$0.17 to S$34.83, while OCBC : O39 0% fell 0.3 per cent or S$0.04 to S$12.30. UOB : U11 -0.17% shed 0.4 per cent or S$0.13 to stand at S$30.14 as at 9.01 am.
In the US, markets were closed on Thursday in observance of the Thanksgiving holiday.
Meanwhile, European shares rallied on Thursday with gains in real estate stocks leading the charge. Investors took heart from the Federal Reserve's November meeting, which signalled a slowdown in the pace of interest rate hikes.
The pan-European Stoxx 600 index rose 0.5 per cent to its strongest level since Aug 18, although trading volumes were light due to the US market closure.

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