Singapore stocks close lower amid mixed regional trading; STI down 0.1%
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The first day of Singapore's trading week ended with Venture Corp leading the gainers, and Jardine Matheson Holdings as the worst performer.
PHOTO: ST FILE
Young Zhan Heng
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- Singapore's STI fell 0.1% to 4,543.59, with losers outpacing gainers amid $1.2 billion in securities traded on November 17th.
- Regionally, markets were mixed; Hang Seng and Nikkei declined while Kospi and FTSE Bursa Malaysia KLCI saw gains.
- Venture Corp led STI gainers, up 3.0%, while Jardine Matheson Holdings was the worst performer, down 3.5%. Market awaits Nvidia's earnings.
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SINGAPORE - Singapore stocks ended lower on Nov 17, as markets across the region closed the day mixed.
The benchmark Straits Times Index (STI) lost 0.1 per cent or 2.48 points to finish at 4,543.59.
The iEdge Singapore Next 50 Index lost 0.7 per cent or 10.59 points to 1,450.80.
Across the broader market, gainers trailed losers 247 to 309, with 1.3 billion securities worth $1.2 billion having changed hands.
Key regional indexes were mixed.
Hong Kong’s Hang Seng Index lost 0.7 per cent and Japan’s Nikkei 225 index dipped 0.1 per cent, as South Korea’s Kospi rose 1.9 per cent and the FTSE Bursa Malaysia KLCI gained 0.1 per cent.
Technology solutions provider Venture Corporation led the gainers on Singapore’s blue-chip index, rising 3 per cent or 43 cents to end at $14.99.
The worst performer among STI constituents was Jardine Matheson Holdings, which fell 3.5 per cent or US$2.36 to close at US$65.20.
The three local banks ended mixed on Nov 17. DBS rose one cent to $54; UOB was up 0.2 per cent or eight cents at $34.08, and OCBC finished 0.7 per cent or 13 cents lower at $18.39.
Asia markets will be looking at the return of US data following “weeks of blackout”, said Mr Stephen Innes, managing partner at SPI Asset Management.
He added that the market will be awaiting Nvidia’s earnings on Nov 19, and noted that the tech company’s earnings print is now being treated like a central bank-level event for global risk beta. THE BUSINESS TIMES
