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Singapore stocks’ market cap down 2.8% in May on global macro uncertainty

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Uma Devi

Uma Devi

Published Wed, May 31, 2023 · 08:31 PM
    • Flag carrier SIA booked the biggest gain in value in May, adding S$1.7 billion in value.
    • Flag carrier SIA booked the biggest gain in value in May, adding S$1.7 billion in value. PHOTO: BT FILE

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    THE total market capitalisation of companies listed on the Singapore Exchange (SGX) fell again in May, extending losses amid elevated global macroeconomic uncertainty brought about by rising risks of recession, inflationary pressures and the banking crisis. 

    Data compiled by The Business Times showed that on a month-on-month basis, the total value of Singapore-listed stocks fell 2.8 per cent or S$22.8 billion in May to S$792 billion, from S$814.8 billion.

    Of the 627 SGX-listed companies, losers outnumbered gainers 341 to 163. 

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