SINGAPORE shares retreated on Friday alongside regional peers, following another round of sell-offs on Wall Street.

The Straits Times Index (STI) *STI : *STI 0% fell 1.15 per cent or 35.59 points to 3,051.11.

Across the broader market, decliners outpaced advancers 248 to 137. Some 990.3 million securities worth S$1.07 billion changed hands.

Among the 30 STI constituents, only two ended the day in the black. Hongkong Land H78 edged up 0.2 per cent or US$0.01 to US$4.81; Jardine Cycle and Carriage C07 : C07 0% gained 0.2 per cent or S$0.03 to S$19.41.

ComfortDelGro C52 : C52 0% ended flat at S$1.51. The transport operator had on Friday announced that its wholly-owned subsidiary has acquired assets of a school bus business in Australia for a total consideration of A$2 million (S$2 million).

Sembcorp Industries U96 and and Thai Beverage Y92 : Y92 0% also ended the day unchanged at S$1.83 and S$0.655 respectively.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL

At the bottom of the table was Jardine Matheson Holdings J36 : J36 0% which dipped 3.1 per cent or US$1.66 to US$51.38.

Genting Singapore G13 : G13 0% was the most heavily traded counter on the blue-chip index with over 31 million shares changing hands. It shares were down 1.4 per cent or S$0.01 to S$0.71.

Outside the STI, shares of seafood restaurant operator No Signboard 1G6 : 1G6 0% were up 30 per cent or S$0.012 to S$0.052 and on heavy trading with over 30.4 million shares changing hands. This was following news of its proposed share placement to boost its cash reserves, which have been eroded by the impact of the pandemic.

Elsewhere in the region, sentiment was dented by concerns over inflation and the impact of China's power crisis on global supply chains.

"Developments in the region revolve around an order from China's central government officials for the country's top state-owned energy companies to secure supplies for this winter at all costs," said IG market strategist Yeap Jun Rong, adding that this points to continued price pressures for several commodities.

Tokyo's Nikkei 225 saw the largest decline, falling 2.31 per cent; Seoul's Kospi was down 1.62 per cent; the Kuala Lumpur Composite Index shed 0.87 per cent, and the Jakarta Composite Index dipped 0.92 per cent.

Financial markets in China and Hong Kong were closed on Friday for a holiday.