Singapore, regional shares tumble amid global uncertainties

Sembcorp tops gainers in the Straits Times Index, followed by Keppel Corp; Wilmar International is worst performer.

Published Thu, Oct 15, 2020 · 09:50 PM

THE benchmark Straits Times Index (STI) extended its losses on Thursday and fell 1.25 per cent or 31.97 points to close at 2,523.62. This was amid grim news around the world such as tough Brexit negotiations, a resurgence in Covid-19 cases across European countries, and the lack of progress on US stimulus updates.

Sembcorp Industries emerged top in the STI performance table, gaining 4.41 per cent or S$0.06 to close at S$1.42. Coming in second was Keppel Corporation, which inched up 1.34 per cent or S$0.06 to close at S$4.54.

The Singapore Exchange said on Thursday that Keppel DC Reit, the largest stock on the STI reserve list as at Oct 14, is scheduled to join the index on Oct 19 as CapitaLand Commercial Trust will be deleted in preparation for its merger with CapitaLand Mall Trust. Keppel Capital, the asset management arm of Keppel Corp, has a 50 per cent interest in the manager of Keppel DC Reit.