Singapore shares continue losing streak even as Asian markets rally

SINGAPORE stocks ended in the red on Tuesday (Jan 23), continuing their losing streak for the second day in a row. Their performance bucked the trend of regional bourses which mostly ended in the black.

The Straits Times Index (STI) fell 0.4 per cent or 13.87 points to close at 3,135.25. Across the broader market, decliners outnumbered advancers 293 to 264 after 1.5 billion securities worth S$1.1 billion changed hands.

Most STI constituents were in the red on Tuesday’s close. At the bottom of the index was consumer group conglomerate Jardine C&C , which fell by 4 per cent or S$1.16 to close at S$27.69.