Little Movement Seen For Singapore Stock Market

(RTTNews) - The Singapore stock market has tracked lower in back-to-back sessions, sinking almost 20 points or 0.6 percent along the way. The Straits Times Index now sits just above the 3,160-point plateau and it's likely to be rangebound again on Tuesday.

The global forecast is mixed to lower, with crude oil prices and covid concerns expected to weigh on sentiment. The European markets were up and the U.S. bourses were mostly lower and the Asian markets are tipped to follow the latter lead.

The STI finished slightly lower on Monday following mixed performances from the financial shares, property stocks and industrial issues.

For the day, the index lost 5.72 points or 0.18 percent to finish at 3,161.22 after trading between 3,143.92 and 3,177.89. Volume was 1.5 billion shares worth 1.13 billion Singapore dollars. There were 257 gainers and 245 decliners.

Among the actives, SembCorp Industries plummeted 4.31 percent, while Singapore Airlines plunged 2.16 percent, Dairy Farm International tanked 1.86 percent, Yangzijiang Shipbuilding spiked 1.46 percent, Hongkong Land rallied 1.32 percent, Wilmar International tumbled 1.15 percent, Singapore Technologies Engineering skidded 1.00 percent, Mapletree Commercial Trust retreated 093 percent, Thai Beverage declined 0.77 percent, CapitaLand advanced 0.74 percent, Venture Corporation sank 0.74 percent, City Developments dropped 0.73 percent, Genting Singapore shed 0.62 percent, United Overseas Bank lost 0.57 percent, SATS fell 0.50 percent, SingTel added 0.44 percent, Singapore Exchange rose 0.17 percent, DBS Group eased 0.16 percent and Mapletree Logistics Trust, Keppel Corporation, CapitaLand Integrated Commercial Trust, Ascendas REIT, Oversea-Chinese Banking Corporation, Singapore Press Holdings and Comfort DelGro all were unchanged.
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