Losses Likely To Accelerate For Singapore Shares

(RTTNews) - The Singapore stock market has finished lower in two straight sessions, easing just over 7 points or 0.3 percent in that span. The Straits Times Index now sits just beneath the 2,500-point plateau and it's looking at another soft start again on Monday.

The global forecast for the Asian markets is soft with continued pressure expected on the technology stocks, along with concerns over the economic recovery. The European and U.S. markets were down on Friday and the Asian markets are tipped to follow that lead.

The STI finished slightly lower on Friday as losses from the properties were offset by gains from the financial shares and industrials.

For the day, the index dipped 3.07 points or 0.12 percent to finish at 2,497.71 after trading between 2,492.76 and 2,506.92. There were 202 gainers and 202 decliners.

Among the actives, Singapore Exchange surged 5.12 percent, while Keppel Corp soared 1.90 percent, Dairy Farm International and Singapore Technologies Engineering both spiked 1.79 percent, Hongkong Land plunged 1.59 percent, SembCorp Industries accelerated 1.53 percent, Mapletree Commercial Trust tanked 1.46 percent, SATS tumbled 1.38 percent, Comfort DelGro skidded 1.33 percent, CapitaLand Mall Trust retreated 0.98 percent, Singapore Press Holdings advanced 0.94 percent, SingTel dropped 0.90 percent, Singapore Airlines sank 0.85 percent, Venture Corporation added 9.84 percent, Thai Beverage shed 0.82 percent, CapitaLand lost 0.73 percent, CapitaLand Commercial Trust fell 0.57 percent, City Developments gained 0.50 percent, Mapletree Logistics Trust slid 0.49 percent, Wilmar International rose 0.46 percent, DBS Group collected 0.15 percent, United Overseas Bank rose 0.05 percent and Yangzijiang Shipbuilding, Genting Singapore, Ascendas REIT and Oversea-Chinese Banking Corporation were unchanged.
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