STI ends down 0.31% at 3,375.97 points despite some cheer from domestic, US earnings

The benchmark Straits Times Index dipped by 10.47 points, or 0.31 per cent, to end the day at 3,375.97 points.
The benchmark Straits Times Index dipped by 10.47 points, or 0.31 per cent, to end the day at 3,375.97 points.PHOTO: ST FILE

SINGAPORE - Early results from Singapore blue-chips and United States tech firms failed to prop up lacklustre local equities on Monday (Oct 30).

The benchmark Straits Times Index dipped by 10.47 points, or 0.31 per cent, to end the day at 3,375.97 points.

OCBC Bank, which last week posted a 12 per cent year-on-year growth in third-quarter net profit, put on 14 cents, or 1.2 per cent, to $11.94.

But it was an outlier among the three local banks, as DBS dropped by 14 cents, or 0.6 per cent, to $22.54 and UOB shed 27 cents, or 1.1 per cent, to $24.73.

Another loser was OUE Lippo Healthcare, down 0.9 cents, or 7.2 per cent, to 11.6 cents on the news of a lawsuit against two of its China-based subsidiaries.

Raffles Medical Group, which reported a 1 per cent growth in third-quarter earnings, fell 2.5 cents, or 2.2 per cent, to $1.125.