Singapore shares end off intraday highs, fall 22 points
SINGAPORE shares ended off their intraday highs, as investors adopted a wait-and-see stance after recent sell-offs.
The benchmark Straits Times Index opened at 3,445.83, before settling at 3,383.77, down 22.61 points, or 0.66 per cent. More than 2.6 billion shares, worth S$2.2 billion, changed hands. There were 258 gainers to 256 losers.
The three local banks - DBS, UOB and OCBC - closed lower, ahead of their corporate results. Bucking the trend was Singtel, which closed at S$3.44, up two Singapore cents, on more than 50 million shares traded.
Singapore Exchange (SGX), too, bucked the downtrend to end at S$8.01, up 13 Singapore cents, or 1.65 per cent. On Tuesday, regulators from Singapore and Malaysia said they would work together to get a stock market trading link between Bursa Malaysia and SGX operational by end-2018.
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
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%