Singapore May Find Traction On Wednesday

(RTTNews) - The Singapore stock market has finished lower in two straight sessions, sinking more than 15 points or 0.5 percent along the way. The Straits Times Index now rests just beneath the 3,210-point plateau although it may stop the bleeding on Wednesday.

The global forecast for the Asian markets suggests mild upside on cautious optimism for a trade deal between the United States and China. The European markets were mixed and flat and the U.S. markets were slightly higher - and the Asian bourses figure to split the difference.

The STI finished modestly lower on Tuesday following mixed performances from the property stocks and financial shares.

For the day, the index fell 12.78 points or 0.40 percent to finish at the daily low of 3,207.85 after peaking at 3,234.74. Volume was 2.34 billion shares worth 2.63 billion Singapore dollars. There were 196 decliners and 189 gainers.

Among the actives, Golden Agri-Resources plummeted 4.55 percent, while Singapore Exchange plunged 3.36 percent, Dairy Farm International Holdings tumbled 2.50 percent, Singapore Technologies skidded 2.36 percent, Comfort DelGro surged 2.14 percent, Ascendas REIT soared 2.05 percent, Yangzijiang Shipbuilding spiked 1.92 percent, Mapletree Commercial Trust accelerated 1.25 percent, CapitaLand Mall Trust jumped 1.22 percent, SingTel sank 1.20 percent, Thai Beverage dropped 1.12 percent, Wilmar International shed 0.72 percent, United Overseas Bank lost 0.42 percent, DBS Group collected 0.39 percent, Oversea-Chinese Banking Corporation fell 0.36 percent, CapitaLand slid 0.27 percent and Keppel Corp, Genting Singapore, SembCorp Industries, CapitaLand Commercial Trust and Singapore Press Holdings all were unchanged.
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