Singapore stocks end lower on Feb 6, snapping three-day record streak; STI down 0.8%
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The benchmark Straits Times Index (STI) fell 41.46 points to close at 4,934.41.
PHOTO: LIANHE ZAOBAO
Renald Yeo
- Singapore stocks fell, ending a three-day record run; the Straits Times Index (STI) decreased by 0.8% to 4,934.41.
- Market breadth was negative with 371 decliners against 237 gainers; CapitaLand Integrated Commercial Trust increased 2.9%.
- Yangzijiang Shipbuilding was the worst performer, down 6.2%; local banks DBS, OCBC and UOB also ended lower.
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SINGAPORE – Singapore stocks ended lower on Feb 6, paring earlier gains to snap a three-day record run.
The benchmark Straits Times Index (STI) fell 0.8 per cent, or 41.46 points, to close at 4,934.41 points. The iEdge Singapore Next 50 Index edged down 0.1 per cent, or 0.79 point, to 1,501.6 points.
Across the broader market, decliners outnumbered gainers 371 to 237, after 1.3 billion securities worth $2.2 billion changed hands.
Regional markets were mixed. Hong Kong’s Hang Seng Index slid 1.2 per cent and South Korea’s Kospi dropped 1.4 per cent, while Japan’s Nikkei 225 rose 0.8 per cent and Malaysia’s FTSE Bursa Malaysia KLCI added 0.1 per cent.
CapitaLand Integrated Commercial Trust led the gainers on Singapore’s blue-chip index, rising 2.9 per cent or seven cents to $2.45, as it traded on a cum-dividend basis.
Yangzijiang Shipbuilding was the worst-performing STI constituent, falling 6.2 per cent or $0.21 to $3.16. The decline likely followed weaker earnings from shipping giant Maersk and plans by the Danish group to cut 1,000 jobs.
All three local banks ended lower. DBS Bank fell 0.6 per cent to $59.30, OCBC Bank declined 1 per cent to $21.23, and UOB slipped 0.4 per cent to $38.50.
The banking trio are set to report their fourth-quarter and full-year 2025 results later in February, starting with DBS on Feb 9, followed by UOB on Feb 24, and OCBC on Feb 25. THE BUSINESS TIMES
