Friday, May 29, 2015Friday, May 29, 2015
Business
 

Singapore index extends falls; UOB shares hit 1-month low

Published on Apr 29, 2014 3:25 PM
 

SINGAPORE (Reuters) - Singapore shares fell for a third straight session on Tuesday, dragged down by losses in United Overseas Bank and Wilmar International, while the broader Asian market edged down on heightening tensions in Ukraine.

The benchmark Straits Times Index was down 0.4 per cent at 3,230.39 by midday, while MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.3 per cent.

UOB led losses on the index, plunging 3.6 percent to a one-month low of $21.30 after reaching its ex-dividend date, prompting a sell-off from investors.

The other two banks fared slightly better, with OCBC inching up 0.2 per cent and DBS adding 0.4 per cent.

 
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!