The Business Times
business-time-50

STI falls 1.1% as caution prevails ahead of US CPI data

google-preferred-sourceAdd BT as a preferred source
Anita Gabriel

Anita Gabriel

Published Mon, Feb 13, 2023 · 06:02 PM
    • On the broader local bourse, turnover was 1.2 billion units worth S$1.1 billion; losers outpaced gainers 306 to 253.
    • On the broader local bourse, turnover was 1.2 billion units worth S$1.1 billion; losers outpaced gainers 306 to 253. PHOTO: YEN MENG JIIN, BT

    SINGAPORE shares failed to hang on to opening gains and finished lower on Monday (Feb 13), as caution prevailed ahead of the release of key US inflation figures on Tuesday.

    The key Straits Times Index fell 35.99 points or 1.1 per cent to 3,324.70. Across the region, most indices fell, while China’s benchmark bucked the trend.

    This followed the biggest weekly decline in the US’ S&P 500 and Nasdaq since December 2022. The upcoming US consumer price index data could provide more clues on the direction of the world’s largest economy and its rate path.

    TRENDING NOW

    Ng Khee Siong joined Inchcape in 2019; he was confirmed as managing director in November 2023.

    Ng Khee Siong, managing director of Borneo Motors parent Inchcape Singapore, resigns

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    DayOne secured a 500 MW renewable power purchase agreement with Tenaga Nasional in 2025.

    Malaysia data centre boom enters ‘reset mode’ as resource, funding realities bite: S&P

    Tan Boon Liat Building is an industrial warehouse and showroom landmark located at the crossroads of Outram Road and Zion Road.

    Kingsford Group inks deal to buy Tan Boon Liat Building at lower reserve price of S$950m

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More