Singapore shares close with STI slightly lower

THE local stock market got the blues on Monday with the Straits Times Index (STI) ending slightly lower even though Wall Street closed at a record high over the weekend.

The benchmark STI lost 0.46 point or 0.01 per cent to close at 3,381.85, mainly dragged by losses from banking stocks.

Turnover for the day was 2.7 billion units valued at S$1.3 billion, working out to an average of S$0.48. Excluding warrants, the advance-decline score was 209 to 239, reflecting mixed trading.

Among the actives were Yoma Strategic Holdings which said over the weekend that it had closed a placement exercise to raise about S$82.2 million, as well as Cosco Shipping and QT Vascular.