Singapore market cap shrinks 3.1% in November

Fall in value due to weak earnings and wariness about possible US interest rate hike

Published Mon, Nov 30, 2015 · 09:50 PM

Singapore

THE value of Singapore-listed companies slipped 3.1 per cent in November amid a wave of weak earnings and wariness about a possible hike in US interest rates.

The total market capitalisation of Singapore-listed companies eased to S$854.6 billion in November compared to a month earlier, snuffing out October's short-lived 6.3 per cent month-on-month rally, according to data compiled by The Business Times. Year to date, market cap is down 10.7 per cent from end-2014.

The weakness was felt across the board. A total of 452 stocks lost value in November compared to 208 that grew, or about nine down for every four up.

Most industry sectors lost value during the month, with commerce stocks posting the sharpest decline of 7.8 per cent to S$138.7 billion…