Singapore shares drop sharply at Monday's open; STI down 1.5% to 3,163.80

The Singapore Exchange Centre in Shenton Way.
The Singapore Exchange Centre in Shenton Way.ST PHOTO: DESMOND WEE

SINGAPORE - Singapore stocks opened weaker on Monday (March 25), with the Straits Times Index retreating 1.50 per cent or 48.3 points to 3,163.80 as at 9.02am after a weak opening.

Losers outnumbered gainers 141 to 27, or about five securities down for every one up, after 59.8 million securities worth $101.3 million changed hands.

Among the most heavily traded by volume, Rex International Holding declined 4.9 per cent or $0.004 to $0.077 with three million shares traded. CapitaLand Commercial Trust retreated 0.5 per cent or $0.01 to $1.94 with 2.9 million units traded.

Active index stocks included DBS Group Holdings, down 1.9 per cent or $0.47 to $24.88; and Singtel, down 1.0 per cent or $0.03 to $2.94.