STI hit by Turkey crisis, slowing Q2 GDP

Three banks lead the market in declines as the key Straits Times Index loses 39.44 points or 1.2 per cent to end at 3,245.34

Published Mon, Aug 13, 2018 · 09:50 PM

Singapore Stocks

Shaken by a financial crisis in Turkey and disappointment from local economic data, share prices in the Singapore bourse ended lower on Monday, with the key Straits Times Index losing 39.44 points or 1.2 per cent to end at 3,245.34.

About 2.31 billion shares worth S$1.2 billion in total changed hands in the session, compared with 1.82 billion shares worth S$1.43 billion on Friday. Losers outnumbered gainers 276 to 164.

The three banks led the market in declines, with DBS retreating 39 Singapore cents or 1.5 per cent to end at S$25.20. Oversea-China Banking Corporation and United Overseas Bank falling 23 and 38 Singapore cents respectively to end at S$11.57 and S$27.62.

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