Singapore shares fall on Tuesday amid regional slump; STI down 0.4%
Yangzijiang Shipbuilding leads gainers on blue-chip index
Singapore stocks closed lower on Tuesday (Sep 8), with the Straits Times Index (STI) slipping 0.4 per cent to 5,767.45 points. Yangzijiang Shipbuilding was among the top gainers on the blue-chip index, surging 4 per cent to S$5.14. UOL Group was the worst performer, slipping 3.8 per cent to S$8.78. All local banks ended in the red, with DBS down 0.5 per cent to S$78.10, OCBC falling 0.6 per cent to S$31.70, and UOB down 0.4 per cent to S$41.60.
In the iEdge Singapore Next 50 Index, Frencken Group and Top Glove emerged as top gainers, with the former up 2.5 per cent to S$2.46 and the latter 2.5 per cent at S$0.205. Centurion Corporation was the biggest loser, dropping 3.1 per cent to S$1.54. Overall, more securities lost value than gained, with losers outnumbering gainers by 340 to 215.
Across broader markets, losers outweighed gainers 340 to 215. Addvalue Tech saw the highest trading volume, with 89.8 million shares exchanged. DBS was the most actively traded stock by value, with 2.7 million shares worth S$211.1 million changing hands. Analyst Ipek Ozkardeskaya cited potential risks to the Japanese yen and US Treasury yields, warning of potential market declines if the Bank of Japan raises rates and the Federal Reserve remains passive.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
