STI in 3rd straight session of retreat on fears of Covid-19 resurgence
Regional markets close mixed with Hang Seng and KLSE falling while equities in Japan, China advance.
Add BT as a preferred sourceTHE Straits Times Index (STI) fell for the third straight day on Monday, closing 44.91 points or 1.78 per cent lower at 2,484.91.
Fears over a resurgence in Covid-19 cases globally dragged the industrials-heavy STI - which includes Keppel Corp, Singapore Airlines and Sats - lower. Property and bank counters also contributed to the drubbing. About 1.55 billion securities worth S$1.73 billion changed hands on Monday. Losers outnumbered gainers 281 to 190.
Top loser Jardine Matheson fell US$2.96 or 7.23 per cent to US$37.96, after its first-half underlying net profit came in below expectations last Thursday due to Covid-19.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
