Singapore stocks close lower amid mixed regional trading; STI down 0.1%
Across the broader market, gainers trail losers 247 to 309
[SINGAPORE] SINGAPORE stocks finished lower on Monday (Nov 17), as markets across the region ended mixed.
The benchmark Straits Times Index (STI) lost 0.1 per cent or 2.48 points to finish at 4,543.59. The iEdge Singapore Next 50 Index lost 0.7 per cent or 10.59 points to 1,450.80.
Across the broader market, losers beat winners 309 to 247, with 1.3 billion securities worth S$1.2 billion having changed hands.
Key regional indices closed mixed on Monday. Hong Kong’s Hang Seng Index lost 0.7 per cent and Japan’s Nikkei 225 dipped 0.1 per cent.
South Korea’s Kospi rose 1.9 per cent, while the FTSE Bursa Malaysia KLCI gained 0.1 per cent.
Technology solutions provider Venture Corporation led the gainers on Singapore’s blue-chip index, rising 3 per cent or S$0.43 to end at S$14.99.
Meanwhile, the worst performer among STI constituents was Jardine Matheson Holdings , which fell 3.5 per cent or US$2.36 to close at US$65.20.
The three local banks ended mixed. DBS ended flattish, rising S$0.01 to S$54.00, UOB was up 0.2 per cent or S$0.08 at S$34.08, while OCBC finished the day 0.7 per cent or S$0.13 lower at S$18.39.
Asian markets will be looking at the return of US economic data releases following “weeks of blackout”, said Stephen Innes, managing partner at SPI Asset Management.
He added that the market will also be awaiting Nvidia’s earnings on Wednesday.
Innes noted that the technology company’s closely-watched earnings print is now being treated like a central bank-level event for global risk beta.
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