Weak oil prices send STI sliding
Volume amounts to a subdued 2.3 billion units worth S$1 billion, the lowest in about 11 weeks
A 5 per cent overnight plunge in oil prices brought pressure to bear on the oil and gas (O&G) sector on Thursday, depressing the Straits Times Index (STI) by 26.45 points to 3,118.84. Turnover amounted to a subdued 2.3 billion units worth S$1 billion, the lowest one-day total in about 11 weeks. Excluding warrants, there were 163 rises versus 354 falls.
Wall Street fell for a third consecutive session on Wednesday after the US Department…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
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