June market cap falls 2.9%

Singapore

THE Singapore stock market lost more of its value in June than in any of the past 18 months as Greece cast a shadow across the board.

The total market capitalisation of Singapore stocks slid to S$965.3 billion in June, down 2.9 per cent from May, to set the worst month-on-month performance since January 2014, going by data compiled by The Business Times. Against the same time a year earlier, the value of all Singapore-listed shares slipped 0.1 per cent, the first year-on-year decline since April 2014.