Singapore shares opened lower, STI closed at 3,427.51

Stock trading in Singapore on Friday (June 1) seemed unfavorable as the Singapore shares opened lower with the Straits Times Index withdrawing 8.93 focuses or 0.3 percent to  3,419.25 as at the opening time also the Strait Times Index closed at 3,427.51

Strait Times Index

Washouts dwarfed gainers 71 to 56, or around five down for each four up, with somewhere in the range of 148.5 million offers worth S$292.8 million altogether evolving hands. 

The most effectively exchanged counter was Golden Agri-Resources, the level at S$0.315 with 8.9 million offers evolving hands. Different actives included Dairy Farm level at S$8.57 with 7.57 million offers exchanged, and StarHub at S$1.93 with 6.78 million offers executed. 

Dynamic file shares included Venture at S$20.94, down 0.76 percent or S$0.16 and OCBC at S$12.47, withdrawing 0.56 percent or S$0.07. 

Overnight on Wall Street, US stocks fell on Thursday after the United States moved to force taxes on metal imports from Canada, Mexico, and the European Union, inciting retaliatory measures from a portion of its exchanging accomplices. 

On Thursday, US Commerce Secretary Wilbur Ross said that a 25 percent tax on steel imports and a 10 percent require on aluminum imports from its partners would become effective on Friday.