Singapore shares end broadly weaker despite banks pushing STI up
THE Straits Times Index (STI) on Tuesday drifted within a narrow band before finishing at 2,955.23 for a gain of 3.04 points on the day after a late spike up in the Dow futures suggested a seventh consecutive rise in the Dow Jones Industrial Average on Tuesday, and after Europe opened in the black.
Turnover was below average by recent standards at 2.3 billion units worth S$1.1 billion and the broad market was marginally weak, recording 190 rises versus 235 falls excluding warrants.
All three banks rose, their combined gains adding about seven points to the STI. These gains came despite Fitch Ratings and Moody's Investors Services releasing negative outlooks for the region's banks.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data