Singapore shares close weaker; pennies still very much in play
A SLIDE in the Dow futures and 1.3 per cent loss in Hong Kong resulted in a weak session here in which bank stocks fell after news that the Monetary Authority of Singapore had taken action against UBS and DBS for anti-money laundering lapses.
A 14.11 points loss in the Straits Times Index at 2,856.13 was the result, leaving second liners and speculatives to soak up pent-up trading energies. The top volume list comprised names that have been in play for several days such as Noble Group, SunMoon Food, Ezion, Ezra and Nam Cheong, though with the index as weak as it was, gains were thin on the ground. Excluding warrants, the advance-decline score was 165-250.
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
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
Asia: Stocks rise on earnings optimism as US data approaches
Singapore stocks climb at Wednesday’s open; STI up 0.4%