Singapore stocks end week in the red

The Singapore Exchange Centre in Shenton Way. ST PHOTO: KEVIN LIM

SINGAPORE (THE BUSINESS TIMES) - Singapore shares ended the week in negative territory, marking the third consecutive day of declines.

The local stock market saw a directionless trading session as the US market's closure due to Thanksgiving gave investors little in terms of news and updates.

The benchmark Straits Times Index fell 0.1 per cent to 2,855.82 on Friday (Nov 27). Advancers outnumbered decliners 240 to 187, after 1.67 billion securities worth $1.08 billion changed hands.

Investor sentiment took a hit from a 9.5 per cent year-on-year decline in receipts in the third quarter this year.

Among the 30 constituent stocks, Sembcorp Industries was the top advancer, adding 2.2 per cent to end the day at $1.88.

On the other end of the spectrum, supermarket and convenience store operator Dairy Farm was the biggest loser. The counter fell 3.5 per cent to US$4.09.

Other decliners included members of the Jardine Group of companies. Jardine Matheson Holdings closed 2 per cent lower at US$52.90, while Jardine Strategic Holdings Holdings lost 3.2 per cent to US$23.90.

The trio of lenders ended the day mixed, with DBS and OCBC finishing the day in the black. The former gained 0.7 per cent to $25.68, while the latter closed at $10.15, up 0.8 per cent or eight Singapore cents. UOB, however, lost 0.04 per cent to finish at $23.06.

Among the constituent counters, Yangzijiang Shipbuilding was the most heavily traded, with some 39.3 million shares changing hands over the course of the day. The stock closed 1.1 per cent lower at $0.92.

Across the region, markets finished the week mostly in the black. The Nikkei 225 closed 0.4 per cent higher, while the Hang Seng Index added 0.3 per cent. The Jakarta Composite Index and SSE Composite Index gained 0.4 per cent and 1.1 per cent respectively. Only the KLCI bucked the trend, closing 0.3 per cent lower on Friday.

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