Singapore stocks track regional declines; STI down 0.1%
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Across the broader market, gainers edge out losers 307 to 285, after 2.5 billion securities worth $1.7 billion change hands.
ST PHOTO: AZMI ATHNI
Young Zhan Heng
- Singapore stocks declined for a second day, with the STI falling 0.1% to 4,828 amid broader regional losses.
- Gainers outnumbered losers 307 to 285, as 2.5 billion securities worth $1.7 billion changed hands in Singapore.
- Regionally, key indexes were down, with the Nikkei 225 falling 1.1%; DFI Retail Group and Seatrium were top and worst STI performers.
AI generated
SINGAPORE - Singapore stocks ended lower on Jan 20, extending their fall for a second consecutive day amid a wider regional decline.
The benchmark Straits Times Index (STI) lost 0.1 per cent or 6.88 points to finish at 4,828. Meanwhile, the iEdge Singapore Next 50 Index fell 0.5 per cent or 7.90 points to 1,480.03.
Across the broader market, gainers edged out losers 307 to 285, after 2.5 billion securities worth $1.7 billion changed hands.
Key regional indexes were in the red. Hong Kong’s Hang Seng Index declined 0.3 per cent, South Korea’s Kospi lost 0.4 per cent and the FTSE Bursa Malaysia KLCI slid 0.8 per cent.
“Asian equities opened cautiously, Europe flinched, and safe havens were quietly restocked,” noted Mr Stephen Innes, managing partner at SPI Asset Management.
“Japan’s bond market is already on edge, with long-dated yields pushing into uncharted territory after election-related fiscal chatter,” he added, as the Nikkei 225 index fell 1.1 per cent.
DFI Retail Group led the gainers on Singapore’s blue-chip index, rising 4.8 per cent or 19 US cents to end at US$4.12.
The worst performer among STI constituents was Seatrium, falling 1.9 per cent or four cents to close at $2.12.
The three local banks ended mixed on Jan 20. OCBC rose 0.2 per cent or four cents to $20.35, but DBS finished 1 per cent or 58 cents lower at $58.13 and UOB was down 0.3 per cent or 10 cents at $36.74. THE BUSINESS TIMES
