Singapore stocks close slightly weaker as traders wait for FOMC direction
TRADING was mostly directionless on Tuesday as the market here waited for the completion of the two-day US Federal Open Markets Committee (FOMC) meeting on Wednesday.
With Hong Kong's Hang Seng Index and the Dow futures both spending all of the session below water, the Straits Times Index drifted to a net loss of 3.75 points at 3,143.40. Turnover amounted to 2.07 billion units worth S$1.2 billion and excluding warrants there were 187 rises versus 291 falls.
Most of the support for the index came from gains in the three banks and Jardine Matheson. On the downside, falls in property stocks CapitaLand, City Developments and Keppel Corp provided the greatest drag.
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
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%
Stocks to watch: DBS, KIT, Clint, Elite Commercial Reit
Europe: Shares ease after Federal Reserve decision, mixed earnings