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Weaker earnings drag STI down

Large caps, including CapitaLand, City Developments and Singtel, all end lower after posting disappointing results

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Published Thu, Aug 8, 2019 · 09:50 PM

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SINGAPORE shares fell on Thursday, bucking the recovery in most Asian markets, following weaker earnings results and risk aversion ahead of the long National Day weekend.

The Straits Times Index began the day in the red and eventually closed down 0.49 per cent or 15.75 points at 3,168.94.

Decliners and advancers were almost evenly matched, with 204 on lower ground versus 194 up.

Singapore Stocks

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