STI slips into the red, closing 0.1% lower at 2,810.95
Asian markets end mixed with South Korean shares jumping a record closing high, buoyed by robust tech demand.
THE benchmark Straits Times Index (STI) slipped into the red on Wednesday, declining 0.11 per cent or 3.17 points to close at 2,810.95.
Among the STI constituents, the trio of banks made gains on Wednesday. UOB climbed 0.8 per cent or S$0.18 to close at S$22.75, while OCBC closed up 0.6 per cent or S$0.06 at S$10.05. DBS inched up 0.52 per cent or S$0.13 to close at S$25.32.
In a research note on Tuesday, Jefferies equity analyst Krishna Guha said: "While the financial-stability review highlights the pertinent risks . . . fiscal support and regulatory forbearance will help to tide over any adverse situation."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hot stock: Singtel down about 3.3% after announcing S$3.1 billion impairment hit
Dubai begins construction of ‘world’s largest’ airport terminal
Hot stock: Seatrium up 5.6% on S$100 million share buyback programme
Gold eases as steady US dollar dampens appeal
Perpetual in talks with KKR for corporate trust and wealth management unit sale
SK Innovation expects solid Q2 refining margins, battery unit widen losses