Singapore stocks fall on Tuesday amid mixed regional trading; STI down 0.5%
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Losers outnumbered gainers 315 to 250, after 1.3 billion securities worth $925.4 million changed hands.
PHOTO: ST FILE
Tan Nai Lun
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SINGAPORE – Singapore shares ended lower on Tuesday, as regional markets continued to see mixed trading.
The Straits Times Index (STI) lost 0.5 per cent or 14.71 points to 3,242.95. Losers outnumbered gainers 315 to 250, after 1.3 billion securities worth $925.4 million changed hands.
Key indices in the region ended mixed on Tuesday, tracking Monday’s mixed close on Wall Street.
The Hang Seng Index lost 2.1 per cent, the Kospi Composite Index slipped 0.1 per cent, while the FTSE Bursa Malaysia KLCI inched down 0.1 per cent. Meanwhile, the Nikkei 225 gained 1 per cent.
Key equity benchmarks in the US had oscillated between small gains and losses, said Saxo Markets’ Asia-Pacific strategy team in a note.
“Equities wobbled, with US Consumer Price Index in focus this week to justify the market’s rate cut pricing for the year,” the team said.
Investors were also watching for China’s trade data and advance releases from Chinese banks and central state-owned enterprises, they noted.
In Singapore, the top gainer on the STI was hospitality player Genting Singapore, which rose 1.8 per cent to $1.11.
Meanwhile, the top decliner was Frasers Logistics and Commercial Trust, which lost 2.2 per cent to $1.31.
As for the trio of local banks, DBS Bank lost 0.8 per cent to $31.70, while UOB fell 0.9 per cent to $28.17. OCBC Bank closed flat at $12.25, with the lender due to report its first-quarter results on Wednesday. THE BUSINESS TIMES
