STI sheds 0.67% to 2,936.00 at midday

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SINGAPORE (Aug 31): Investors look to individual counters after days of mass selling followed by mass buying as volatility hit global markets.

The result is a mixed morning trading session in Singapore.

By 12.04pm, the Straits Times Index shed 0.67% to 2,936.00. Market breadth was negative. Excluding warrants, decliners outnumber gainers 231 to 107.

The Straits Times Index traded between 2,933.25 and 2,987.18, after opening 1.06% higher at 2,987.18.

A total of 545.4 million shares worth $602.8 million changed hands.

Ezra Holdings, EMS Energy, Great Group Holdings, and New Silkroutes Group were among the most actively traded counters.

Ezra rose 1.6% to 12.4 cents on 79.3 million shares traded after Japan's Chiyoda agreed to buy a 50% equity stake in Ezra's main subsea services division. Ezra will hive off the division, EMAS AMC, into a separate firm and rename it EMAS Chiyoda Subsea. Chiyoda will pay Ezra US$150 million ($210 million) for the stake and invest an additional US$30 million in the new joint-venture firm.

AusGroup dropped over 3% to 11.1 cents with 1.6 million shares traded. The integrated service provider to the energy, industrial and mining sectors, reported that its 4Q earnings plunged 88.4% from a year ago to A$261,000 ($261,000) due to an impairment arising from decreased certainty in capital expenditure in the energy sector.

Loyz Energy traded flat at 4.6 cents with 942,000 shares traded. The oil and gas company reported a net loss of US$63.1 million ($88.4 million) for FY2015 ended June, significantly wider than the US$2.9 million net loss recorded a year earlier. Revenue rose 41% to US$23 million.

KLW Holdings rose 10% to 1.1 cents with 900,000 shares traded, before requesting for a trading halt on its shares pending the release of announcements by the provider of quality engineered doors.

Companies that went ex-dividend on Monday include Captii and First Resources.