Stocks drift lower on Brexit worries
Local market's resilience this week, despite turmoil in European stocks and currencies, is attributed to its "defensive" quality
"OTHER than Noble's rights and shares, the rest of the market is still on holiday," said a dealer. This is perhaps a slight exaggeration given the spurt of interest in other second liners such as CNMC Goldmine, but a fairly accurate description of a Thursday session in which the Straits Times Index drifted to a 2.5-point loss at 2,862.17 in the wake of overnight, "Brexit"-induced selling Europe-wide.
Over in H…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling