Singapore stocks fall in early trade on Wednesday; STI down 0.04%


SINGAPORE stocks began trade on Wednesday (Oct 12) in slightly negative territory, tracking losses on global stock markets.

On the Singapore bourse, the Straits Times Index headed down 0.04 per cent or 1.1 points to 3,103.91 as at 9.01 am. Gainers outnumbered losers 49 to 41, after 47.6 million securities worth S$37.2 million changed hands.

The most active counter by volume was watch-listed oil and gas producer Eneco Energy : R14 +7.69%, formerly known as Ramba Energy, which rose 7.7 per cent or S$0.001 to S$0.014, with 16.6 million shares traded.

Shares of Leader Environmental Technologies : LS9 +11.29% also saw significant movement. The environmental solutions provider called for a trading halt on Tuesday to announce that it was entering into an investment agreement for up to US$15 million redeemable zero-coupon convertible bonds. The counter grew 30.6 per cent or S$0.019 or S$0.081 upon lifting the trading halt on Wednesday after the announced agreement, with 3.9 million shares changing hands.

Among index counters, Genting Singapore : G13 -1.9% was the top traded counter in terms of volume, shedding 1.3 per cent or S$0.01 to S$0.78, with 1.4 million shares traded. CapitaLand Integrated Commercial Trust : C38U 0% also saw brisk trading activity, with 1.4 million shares changing hands. The counter grew 1 per cent or S$0.02 to S$1.92.

The trio of banks all opened Wednesday’s trading session in the red. DBS : D05 -0.09% fell 0.1 per cent or S$0.03 to S$33.28, while OCBC : O39 -0.25% also slipped 0.1 per cent or S$0.01 to S$11.76. UOB : U11 -0.19% likewise shed 0.1 per cent or S$0.03 to S$26.29.