SINGAPORE shares struggled for direction on Wednesday (Nov 16), with the Straits Times Index (STI) closing 0.3 per cent or 9.11 points lower at 3,266.17 amid mixed regional performance.

In the broader market, gainers beat losers 292 to 271, after 1.7 billion securities worth S$1.5 billion were traded.

Oanda senior market analyst Edward Moya noted that US stocks tumbled overnight as reports emerged that a Russian missile had crossed over into Poland.

Since then, US officials have suggested that the missile which hit Poland was fired by Ukrainian forces at an incoming Russian missile.

Across the region, major markets were mixed. South Korea’s Kospi edged down 0.1 per cent, Hong Kong’s Hang Seng Index fell 0.5 per cent, while Japan’s Nikkei 225 rose 0.1 per cent.

On the STI, ST Engineering : S63 0% was the index’s strongest performer, gaining 2.3 per cent or S$0.08 to close at S$3.50. This comes after the company announced on Tuesday evening that its subsidiary, TransCore, has secured a contract worth S$1.47 billion to modernise the tolling infrastructure in New Jersey.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL

Yangzijiang Shipbuilding : BS6 0% was at the bottom of the table, declining 3 per cent or S$0.04 to S$1.31.

The trio of local banks ended in the red. DBS : D05 0% shed 0.3 per cent or S$0.11 to S$35.07, OCBC : O39 0%lost 0.4 per cent or S$0.05 to S$12.42, while UOB : U11 0%fell 0.5 per cent or S$0.16 to close at S$29.84.