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Losing Streak May Continue For Singapore Bourse

Mount Equity Group Tokyo, Japan > News > Markets > Losing Streak May Continue For Singapore Bourse

(RTTNews) – The Singapore stock market has finished lower in back-to-back trading days, sinking more than 20 points or 0.6 percent along the way. The Straits Times Index now rests just beneath the 3,155-point plateau and it’s tipped to open in the red again on Thursday.

The global forecast for the Asian markets is slightly soft ahead of key U.S. inflation data later today. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.

The STI finished modestly lower on Wednesday following losses from the financial shares and industrials, while the property stocks were mixed.

For the day, the index lost 13.67 points or 0.43 percent to finish at the daily low of 3,153.47 after trading as high as 3,169.08. Volume was 1.95 billion shares worth 1.29 billion Singapore dollars. There were 247 decliners and 238 gainers.

Among the actives, Ascendas REIT climbed 1.37 percent, while CapitaLand Integrated Commercial Trust jumped 1.90 percent, City Developments shed 0.52 percent, Dairy Farm International lost 0.46 percent, DBS Group retreated 1.03 percent, Genting Singapore added 0.57 percent, Keppel Corp plunged 1.51 percent, Mapletree Commercial Trust spiked 1.91 percent, Oversea-Chinese Banking Corporation dropped 0.72