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winwin123
2021-10-25

The ups & down of ST index is so gradual. At 11.30am the drop reduced to something negligible already

Singapore stocks open slightly lower on Monday; STI down 0.1%

SINGAPORE shares started the week slightly lower on Monday (Oct 25), with the Straits Times Index (S

Singapore stocks open slightly lower on Monday; STI down 0.1%

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Its shares were down S$0.002 or 2.9 per cent to S$0.066.\nAmong index stocks, ComfortDelGro was actively traded, with 2.1 million shares worth S$3.2 million changing hands. The counter gained S$0.01 or 0.6 per cent at S$1.57.\nThe transport provider on Friday (Oct 22) said its Australian unit, CDG Corp, is hungry for acquisitions while forecasting profitability. CDG Corp expects to post a top line of A$672 million (S$676.5 million) and a profit of A$42.1 million, up 14.1 per cent a year ago.\nSingtel also saw brisk trading, with 1.8 million shares worth S$4.7 million traded. Its shares were flat at S$2.57.\nThe telco operator announced on Monday (Oct 25) that its cybersecurity arm Trustwave has divested SecureTrust, its payment card industry compliance business, to Sysnet Global Solutions, for a cash consideration of US$80 million.\nThe trio of local banks were mixed in early trade. DBS gained S$0.10 or 0.3 per cent to S$31.47, UOB fell S$0.05 or 0.2 per cent to S$26.83, while OCBC was down S$0.05 or 0.4 per cent at S$11.95.\nIn the US, the Dow Jones Industrial Average finished at a record Friday (Oct 22)- up 0.2 per cent at 35,677.02 - capping a strong week for US stocks following mostly solid corporate earnings that have offset worries about inflation.\nBut both of the other 2 major indices retreated, even as all 3 indices won gains for the week. 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