Singapore stocks counter regional trend with Hongkong Land the biggest decliner; STI down 0.4%
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Across the broader market on Oct 8, advancers outnumbered decliners 336 to 257, with 1.8 billion securities worth $1.5 billion having changed hands.
PHOTO: LIANHE ZAOBAO
Navene Elangovan
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- Singapore's Straits Times Index (STI) decreased by 0.4% to 4,440.50, with Hongkong Land being the biggest decliner.
- Venture was the top blue-chip gainer, increasing by 1.7%, while all three local banks (DBS, OCBC, and UOB) saw declines.
- Across the broader market, advancers outnumbered decliners, mirroring mixed performance in key regional indexes.
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SINGAPORE - Local shares ended Oct 9 lower, even as markets across the region mostly ended higher.
The benchmark Straits Times Index (STI) shed 0.4 per cent, or 15.8 points, to close at 4,440.50.
Property developer Hongkong Land was the index’s biggest decliner, falling 2.6 per cent, or 17 US cents, to US$6.37.
Tech company Venture was the day’s top blue-chip gainer, rising 1.7 per cent, or 24 cents, to $14.48.
All three local banks ended lower on Oct 9.
DBS Bank lost 0.7 per cent, or 36 cents, to finish at $53.91. OCBC Bank fell 0.4 per cent, or six cents, to $16.86, and UOB was down 0.5 per cent, or 17 cents, at $35.33.
Casino operator Genting Singapore was the most actively traded counter on the STI by volume for a second day running, with 49.5 million units worth $35.7 million traded.
The counter rose 0.7 per cent, or half a cent, to 72.5 cents.
Across the broader market, advancers outnumbered decliners 336 to 257, with 1.8 billion securities worth $1.5 billion traded.
Key indexes in the region were mostly up. Japan’s Nikkei 225 was up 1.8 per cent; Australia’s ASX 200 rose 0.3 per cent; and FTSE Bursa Malaysia KLCI gained 0.1 per cent.
Hong Kong’s Hang Seng slid 0.3 per cent. THE BUSINESS TIMES
