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Singapore Stock Market Set To Extend Losing Streak

(RTTNews) - The Singapore stock market has finished lower in back-to-back trading days, sinking more than 25 points or 1 percent along the way. The Straits Times Index now rests just above the 2,555-point plateau and it may take further damage on Friday.

The global forecast for the Asian markets is soft, with profit taking expected following recent gains. The European and U.S. markets were down and the Asian bourses figure to open in similar fashion.

The STI finished slightly lower on Thursday as losses from the financial shares and property stocks were mitigated by support from the industrials.

For the day, the index lost 6.60 points or 0.26 percent to finish at 2,555.34 after trading between 2,554.68 and 2,583.03. Volume was 1.48 billion shares worth 1.09 billion Singapore dollars.

Among the actives, Singapore Press Holdings surged 4.00 percent, while SATS soared 2.87 percent, Comfort DelGro spiked 2.58 percent, Singapore Airlines accelerated 1.96 percent, Mapletree Logistics Trust plummeted 1.65 percent, Wilmar International plunged 1.55 percent, SembCorp Industries jumped 1.29 percent, CapitaLand Commercial Trust tumbled 1.22 percent, CapitaLand Mall Trust skidded 1.05 percent, Singapore Technologies Engineering retreated 0.94 percent, Keppel Corp declined 0.66 percent, Genting Singapore climbed 0.65 percent, Yangzijiang Shipbuilding advanced 0.53 percent, United Overseas Bank surrendered 0.46 percent, SingTel added 0.37 percent, CapitaLand gained 0.34 percent, Oversea-Chinese Banking Corporation dropped 0.34 percent, DBS Group sank 0.26 percent, Singapore Exchange fell 0.20 percent and Ascendas REIT, Mapletree Commercial Trust and Thai Beverage were unchanged.
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