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Singapore stocks dipped on Tuesday morning—STI slipped by 0.2%

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SINGAPORE: Singapore stocks dipped on Tuesday morning, Nov 12, despite overnight positive global market trends.

The Straits Times Index (STI) slipped by 0.2%, or 8.88 points, to 3,730.59 by 9:01 am, as reported by The Business Times.

In the broader market, 60 stocks gained while 49 fell, with 48.2 million securities valued at S$63 million traded.

Offshore and marine specialist Seatrium led the trading volume. Its shares rose 0.5%, or S$0.01, to S$1.96, with 1.7 million shares exchanged.

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Singtel shares, on the other hand, dropped by 0.9%, or S$0.03, to S$3.17. Meanwhile, CapitaLand China Trust rose 0.7%, or S$0.005, to S$0.725.

Banking stocks were down as trading began. DBS fell by 0.8%, or S$0.33, to S$42.42, while OCBC dropped by 0.3%, or S$0.04, to S$16.28. UOB slipped by 0.03%, or S$0.01, to S$36.64.

Wall Street stocks closed higher on Monday, as gains held steady from the surge following Donald Trump’s US election win. The Dow Jones Industrial Average gained 0.7% to 44,299.13.

See also  Singapore stocks rose on Thursday as exports increased 2.7% YoY in Sept; STI gained 0.7%

The S&P 500 edged up 0.1% to 6,001.35, while the Nasdaq Composite Index remained largely unchanged at 19,298.76.

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The Europe main stock index recorded its best performance in six weeks, driven by defence stocks, as expectations of increased military spending under the Donald Trump presidency grew.

The pan-European Stoxx 600 rose 1.1%, closing at 512.37 points. /TISG

Read also: Singapore shares rose on Monday’s open—STI gained 0.6%

Featured image by Depositphotos

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