Singapore stocks end week in the red; STI down 0.1%

SINGAPORE shares ended the week in negative territory, marking the third consecutive day of declines. The local stock market saw a directionless trading session, as the US market's closure due to Thanksgiving gave investors little in terms of news and updates.

The benchmark Straits Times Index fell 0.1 per cent or 1.66 points to 2,855.82 on Friday. Advancers outnumbered decliners 240 to 187, after 1.67 billion securities worth S$1.08 billion changed hands.

Investor sentiment took a hit from a 9.5 per cent year-on-year decline in receipts in the third quarter of 2020, although receipts improved on a quarterly basis compared to Q2 - the Republic's "circuit-breaker" period. All industries except information and communications services registered lower business receipts on a year-on-year basis, said the Singapore Department of Statistics (SingStat).