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Singapore stocks: STI resumes Monday afternoon at 3,058.13, down 1.9% on day

SINGAPORE shares continued to slide on Monday afternoon, resuming trading on lower ground, with the Straits Times Index down 58.26 points or 1.9 per cent to 3,058.13 as at 1.05pm.

About 973 million shares worth S$517 million in total changed hands, with losers outnumbering gainers 243 to 100. 

The most actively traded stock was Jiutian Chemical, which rose S$0.001 to S$0.025 with 27.7 million shares changing hands.

Other actives included Genting Singapore and Rex International.

Among financials, DBS, which reported a 76 per cent increase in net profit on higher netl income and lower allowances for its third quarter before market open, was trading down S$0.64 or 2.6 per cent at S$24.02.

Meanwhile, OCBC shares dropped S$0.21 or 1.8 per cent to S$11.26 and UOB retreated S$0.66 or 2.6 per cent to S$24.56 .

Among other active index stocks, CapitaLand shares were down S$0.09 or 2.8 per cent to S$3.12.

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