Singapore: Shares close lower ahead of Fed meeting outcome
Singapore share prices closed 0.2 per cent lower on Wednesday with the Straits Times Index down 7.94 points to 3,487.15, as investors nervously awaited the outcome of the two-day Federal Reserve policy meeting.
The index was weighed down by a drop in UOB, which fell 54 Singapore cents to S$24.42. It had reached an all-time high earlier this week.
Some real estate investment trusts also saw significant declines. Ascendas Reit, which owns industrial property, fell 12 Singapore cents or 4.7 per cent to S$2.46.
About 1.49 billion shares worth S$1.12 billion changed hands, with losers outnumbering gainers 268 to 184.
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
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
US: Tech shares lead stocks higher
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading