Singapore shares close 1.1% lower on Wednesday
THE uncertainty lurking ahead for the global economy after an unexpected victory by Republican candidate Donald Trump in the US presidential election sent traders scrambling on Wednesday and took a toll on local shares.
Amid heavy trading, Singapore stocks finished 1.1 per cent lower, with the benchmark Straits Times Index losing 30.36 points to 2,789.88. The blue-chip index was down by as much as 2 per cent just after noon but recovered later in the day.
Volume was much higher than usual. About 2.24 billion shares worth S$1.85 billion changed hands, which worked out to an average unit price of S$0.82 per share.
The most actively traded counter was commodity firm Noble Group, which rose S$0.003 to S$0.182 with 388.9 million shares changing hands. Other actives included Kris Energy and Super Group.
Losers outnumbered gainers 318 to 113, or about three down for every one up.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard