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Lynn098
2021-11-29

Health care and gloves stocks are where the opportunity is until the situation is clear

Singapore shares fall at Monday's open, tracking global losses; STI down 0.8%

SINGAPORE shares started the week in negative territory on Monday (Nov 29), following a major sell-o

Singapore shares fall at Monday's open, tracking global losses; STI down 0.8%

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Glovemaker UG Healthcare (8K7) advanced 10.8 per cent or S$0.035 to S$0.36, with 5.7 million shares traded.\nThe trio of local banks fell in early morning trade. DBS lost 1.5 per cent or S$0.48 at S$31.09. UOB dipped 1 per cent or S$0.28 to S$26.83, while OCBC fell 0.5 per cent or S$0.06 to S$11.49 as at 9.04 am.\nOther active index counters include Singapore Airlines, which was down 3 per cent or S$0.15 to S$4.90, as well as ComfortDelgro which was down 2.7 per cent or S$0.04 to S$1.43.\nOver on Wall Street, US stocks skidded sharply lower on Friday (Nov 26), with the Dow and S&P 500 suffering their biggest 1-day percentage drops in months. The downward moves came after authorities worldwide reacted with fresh travel bans to countries where the Omicron variant has been detected.\nEuropean stocks also plummeted on Friday, suffering their worst day in 17 months. 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Singapore shares fall at Monday's open, tracking global losses; STI down 0.8%

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