S'pore market cap inches down to S$994b from all-time high

Singapore

THE market capitalisation of Singapore stocks inched down to S$994 billion in May from an all-time high of S$998 billion at the end of April.

Over the same period, the Straits Times Index (STI) dropped 95 points or 2.7 per cent to 3,392.11, dragged lower mainly by falls in the banks, Singtel, Singapore Airlines and Genting Singapore. Year to date, the STI is up only 27 points or 0.8 per cent.