Singapore stocks end lower in line with regional markets; STI down 0.1%
Sign up now: Get ST's newsletters delivered to your inbox
Across the broader market on May 15, gainers were outnumbered by losers 224 to 431, as 2.3 billion securities worth $2.5 billion changed hands.
ST PHOTO: AZMI ATHNI
Jude Chan
- On May 15, Singapore's STI declined 0.1% to 4,989.08. Losers outnumbered gainers 431 to 224, despite Singapore Airlines' 2.4% rise.
- Key regional indexes performed negatively; Hong Kong's Hang Seng fell 1.6%, Japan's Nikkei 225 dropped 2%, and South Korea's Kospi was down 6.1%.
- DWS Global CIO Vincenzo Vedda warned sustained high oil prices could force stricter monetary policy and pressure high equity valuations.
AI generated
SINGAPORE – Stocks in Singapore ended lower on May 15.
The benchmark Straits Times Index (STI) lost 0.1 per cent, or 6.86 points, to finish at 4,989.08.
Singapore Airlines led the gainers on Singapore’s blue-chip index, rising 2.4 per cent, or 15 cents, to end at $6.42.
The worst performer among STI constituents was Venture Corp, falling 3.1 per cent, or 56 cents, to close at $17.64.
The three local banks ended mixed.
DBS Bank rose 0.1 per cent, or seven cents, to $60.20; while OCBC Bank finished 0.1 per cent, or two cents, lower at $22.93; and UOB finished 0.2 per cent, or seven cents, lower at $37.30.
Within the iEdge Singapore Next 50 Index, BRC Asia was the top gainer, rising 3.2 per cent, or 15 cents, to finish at $4.80.
Meanwhile, CSE Global was the top loser, falling 9 per cent, or 16 cents, to end the session at $1.61.
Across the broader market, gainers were outnumbered by losers 224 to 431, after 2.3 billion securities worth $2.5 billion changed hands.
Key regional indexes were negative.
Hong Kong’s Hang Seng Index lost 1.6 per cent and Japan’s Nikkei 225 index fell 2 per cent.
South Korea’s Kospi was down 6.1 per cent and the FTSE Bursa Malaysia KLCI declined 0.3 per cent.
DWS global chief investment officer Vincenzo Vedda said: “If oil prices were to remain above US$110 a barrel for an extended period, this could force central banks to adopt a more restrictive monetary policy, even as economic growth slows.
“Further increases in bond yields could put pressure on the high valuations seen in equity markets.” THE BUSINESS TIMES
