Singapore shares end week in negative territory

THE Straits Times Index ended the week down 14.65 points or 0.56 per cent at 2,581.32 points, as investors remained cautious amid the virus-hit economy.

Oanda senior market analyst Jeffrey Halley said: "A directionless session from Wall Street set up much the same picture in Asia today. Most major indices are drifting."

The best performer on the index was Singapore Technologies Engineering (ST Engineering), which gained 3.67 per cent or 12 Singapore cents for the day to close at S$3.39. This was despite the company's profit falling by 4.4 per cent to S$257.4 million for H1.