Singapore shares close 1.2% lower on Monday
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THE local market ended 1.17 per cent lower on Monday with the Straits Times Index retreating 39.23 points to 3,313.42 as Shanghai chalked up its sharpest fall in a long while.
The blue-chip index saw 26 of its 30 component stocks retreating, led by the local banks, and only three advancing.
About 1.74 billion shares worth S$982 million changed hands, which worked out to an average unit price of S$0.56 per share.
The most actively traded stock was Catalist-listed waterproofing company Chinese Global, which shot up S$0.043, or 215 per cent, to S$0.063 with 178.2 million shares changing hands. Other actives included WE Holdings and IHC.
Losers outnumbered gainers 402 to 93.
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