Losing Streak May Continue For Singapore Stock Market

(RTTNews) - The Singapore stock market has finished lower in four straight sessions, skidding more than 40 points or 1.3 percent along the way. The Straits Times Index now rests just above the 3,170-point plateau and it's tipped to open in the red again on Wednesday.

The global forecast for the Asian markets is negative on continuing concerns over the trade dispute between the United States and China. The European markets were mixed and the U.S. markets were down and the Asian bourses are also tipped to open in the red.

The STI finished modestly lower on Tuesday following losses from the financial shares and industrial issues, while the properties came in mixed.

For the day, the index lost 14.89 points or 0.47 percent to finish at 3,173.08 after trading between 3,160.93 and 3,186.64. Volume was 1.60 billion shares worth 1.26 billion Singapore dollars. There were 257 decliners and 119 gainers.

Among the actives, Golden Agri-Resources surged 4.65 percent, while Singapore Press Holdings plummeted 2.26 percent, SembCorp Industries plunged 1.81 percent, SingTel tumbled 1.16 percent, Singapore Airlines skidded 1.09 percent, CapitaLand and Genting Singapore both retreated 1.08 percent, Ascendas REIT climbed 1.01 percent, Yangzijiang Shipbuilding declined 0.93 percent, United Overseas Bank dropped 0.89 percent, Dairy Farm International advanced 0.87 percent, Singapore Technologies Engineering sank 0.73 percent, DBS Group shed 0.60 percent, Keppel Corp lost 0.59 percent, Thai Beverage added 0.56 percent, Oversea-Chinese Banking Corporation and Singapore Exchange both fell 0.56 percent, CapitaLand Commercial Trust slid 0.50 percent, Comfort DelGro gained 0.43 percent, Mapletree Commercial Trust was down 0.42 percent, Wilmar International rose 0.24 percent and Hongkong Land and CapitaLand Mall Trust were unchanged.
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