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Singapore’s market cap down 0.5% in April amid slowing global growth

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Tan Nai Lun

Tan Nai Lun

Published Tue, May 2, 2023 · 05:50 AM
    • Slowing global growth on top of rising interest rates has been a concern for the equity market, resulting in a generally flat market in April.
    • Slowing global growth on top of rising interest rates has been a concern for the equity market, resulting in a generally flat market in April. PHOTO: DESMOND WEE, ST

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    THE total market capitalisation of Singapore stocks fell 0.5 per cent or S$4.4 billion in April to S$814.8 billion, from S$819.1 billion as at end-March, data compiled by The Business Times showed.

    Of the 629 companies listed on the Singapore Exchange (SGX), gainers outnumbered losers 249 to 205.

    For the Straits Times Index (STI), total market capitalisation of its component counters was up S$500 million or 0.1 per cent at S$539.6 billion.

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