SINGAPORE ((March 31): Singapore stocks are trading lower at noon after losses in companies that have been recently prone to volatility.

At 12 noon, the Straits Times Index was down 0.89% or 25.6 points at 2,846.95.

In the broader market, decliners outnumbered gainers 173 to 124. A total of 950.3 million shares worth $568.8 million changed hands, giving an average price of about 60 cents per share for the entire market.

Cedar Strategic, Yuuzoo, LionGold, MFS Tech and Noble Group were some of the most actively traded counters.

Among STI components, StarHub gained 0.91% to $3.34 while SGX rose 0.63% to $7.95. HPH Trust fell 2.91% to 50 US cents while Golden Agri-Resources lost 2.35% to 41.5 cents.
 
Yuuzoo rose 21.8% to 24 cents after sealing an agreement with Alibaba Sports Group to organise the AliSports World Electronic Sport Games (WESG) and manage the E-Sports Clubs Competition Center for Alibaba in China.

KS Energy fell 9.3% to 18.6 cents after auditors raised concerns over the ability of the firm to continue as a “going concern”. At the group level, KPMG says current liabilities exceeded current assets by $349.9 million, mainly due to a reclassification of certain bank loans to "current liabilities" as a result of breaches in certain loan covenants.

Stratech Group fell 6.3% to 3 cents after saying it expects to post a net loss for FY2016 due to lower revenue from the late award of several projects which the group had expected to start earlier.