Singapore, regional shares down as Paris terror attacks shook the already weak sentiments

The Singapore Exchange building in the Central Business District. PHOTO: LIM YAOHUI FOR THE STRAITS TIMES

SINGAPORE - Local shares went down in a bearish session that also gripped the region's major markets, as investor sentiments were still shaken by the terror attacks in Paris over the weekend.

Singapore benchmark Straits Times Index (STI) ended 9.95 points or 0.34 per cent lower at 2,915.73 on Nov 16, after a slow day that saw only 1.19 billion shares worth $855.7 million transacted across the whole market.

Investors elsewhere similarly took their money off the table. Hong Kong led the drop, paring 1.72 per cent, while Shanghai managed to gain 0.73 per cent gain with a late hour surge. Tokyo was down 1.04 per cent, on the day when official data revealed that Japan's economy has fallen back into recession.

These were likely just knee-jerk reactions, and there is no cause for prolonged market fears, Barclays senior economist Leong Wai Ho said.

Against this backdrop, Noble Group was the top active counter with over 74.7 million shares changing hands.

The commodity giant closed down one cent or 2.25 per cent to 43.5 cents, following the 11 per cent dropped last Friday as the company announced an 84 per cent year-on-year drop to the third quarter net profit.

Genting Singapore, which also delivered a disappointing 62 per cent drop in its third quarter profit last week, lost the most among the blue chips. It went down 2.5 cents or 3.21 per cent to 75.5 cents.

On the other end of the ledger, Sats gained the most, putting on eight cents of 2.05 per cent to close at $3.98, while Wilmar International went up five cents or 1.71 per cent to $2.98.

Outside the STI, film company Spackman Entertainment Group continued to march north, up 1.1 cents or 9.02 per cent to close at 13.3 cents, following a session that moved over 74.1 million shares.

Spackman's shares have risen some 189 per cent since the start of October, clearly a hot target for small-cap play at the moment.

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