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SINGAPORE stocks began trading in negative territory on Friday (Jun 28) after global markets ended on a muted note.
As at 9.01 am, the Straits Times Index (STI) slid 2.48 points or 0.1 per cent to 3,340.87. Across the broader market, gainers outnumbered losers 57 to 43 after 46.3 million securities worth S$55.7 million changed hands.
Watch-listed Jasper Investments was the most actively traded counter in terms of volume, remaining unmoved at S$0.008 after 7.9 million of its securities changed hands.
Shares of Marco Polo Marine were briskly transacted as well, inching down S$0.001 or 1.7 per cent to S$0.058 at the open.
Yoma Strategic gained S$0.002 or 1.6 per cent to S$0.126 after the Myanmar-focused company announced it was acquiring a remaining 20 per cent stake in its subsidiary, Yoma Fleet, for S$18.5 million.
Local banks were mixed in early trade. DBS was unmoved at S$36.05. UOB rose S$0.11 or 0.4 per cent to S$31.22, while OCBC dipped S$0.06 or 0.4 per cent to S$14.45.
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US stocks ended Thursday subdued as the market demonstrated a holding pattern ahead of fresh inflation data.
The Dow Jones Industrial Average rose 36.26 points, or 0.1 per cent, to 39,164.06. The S&P 500 gained 4.97 points or 0.1 per cent to 5,482.87, and the Nasdaq Composite gained 53.53 points or 0.3 per cent to 17,858.68.
European shares slipped on Thursday on investor caution ahead of crucial global economic data and the first round of French elections.
The pan-European Stoxx 600 extended losses for the third straight session to close 0.4 per cent lower at 512.59.
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