SINGAPORE - Singapore stocks opened weaker on Wednesday (Jan 23), with the Straits Times Index declining 0.32 per cent or 10.26 points to 3,182.45 as at 9.05am amid fears that the US-China trade talks would not yield meaningful progress.
Losers outnumbered gainers 70 to 43, or about five securities down for every three up, after 36.3 million securities worth $67.8 million changed hands.
Among the most heavily traded by volume, Genting Singapore held firm to $1.09 with 6.3 million shares traded. Thai Beverage Public Co gained 0.7 per cent or $0.005 to $0.74 with 2.4 million shares traded.
Active index stocks included DBS Group Holdings, down 0.5 per cent or $0.13 to $24.42; Jardine Strategic Holdings, down 0.8 per cent or US$0.28 to US$36.82; and City Developments, down 0.7 per cent or $0.06 to $8.84.