Asian markets end Nov 4 in the red; STI down 0.5%
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Across the broader market, decliners outnumbered advancers 416 to 208, after 1.8 billion securities worth $1.8 billion changed hands.
ST PHOTO: KUA CHEE SIONG
Navene Elangovan
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- Singapore's Straits Times Index (STI) decreased by 0.5% to 4,422.72, with decliners outpacing advancers in the broader market.
- Sembcorp Industries was the biggest decliner, while Jardine Matheson Holdings remained the top blue-chip gainer for the second consecutive day.
- Regional markets also closed lower, including Australia, Japan, Hong Kong and South Korea, reflecting a widespread decline.
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SINGAPORE - Local shares ended Nov 4 lower, tracking a broader decline across regional markets.
The benchmark Straits Times Index (STI) fell 0.5 per cent, or 21.61 points, to close at 4,422.72.
Meanwhile, the iEdge Singapore Next 50 Index gained 0.8 per cent, or 11.63 points, to 1,460.2.
Across the broader market, decliners doubled advancers 416 to 208, after 1.8 billion securities worth $1.8 billion changed hands.
Sembcorp Industries was the index’s biggest decliner, falling 3.3 per cent, or 22 cents, to $6.36.
Jardine Matheson Holdings remained the top blue-chip gainer for a second day running, rising 2.2 per cent, or US$1.35, to US$62.10.
The three local banks ended mixed. UOB was up 0.2 per cent, or seven cents, at $34.92. However, OCBC Bank fell 0.2 per cent, or four cents, to $17.03, and DBS Bank slipped 0.5 per cent, or 29 cents, to finish at $53.50.
CapitaLand Integrated Commercial Trust was the most actively traded counter on the STI by volume, with 42.4 million units worth $98.9 million traded. The counter fell 0.9 per cent, or two cents, to $2.33.
Key indexes in the region closed lower. Australia’s ASX 200 fell 0.9 per cent, while Japan’s Nikkei slipped 1.7 per cent. Hong Kong’s Hang Seng Index was down 0.8 per cent, while South Korea’s Kospi fell 2.4 per cent after hitting a record high the day before. THE BUSINESS TIMES
