Singapore shares edge lower as DFI Retail slides; STI down 0.08%
Hongkong Land leads the gainers on the blue-chip index
Singapore stocks closed lower on Friday, Sep 18, with the Straits Times Index (STI) slipping 0.08% or 4.41 points to 5,656.11. Hongkong Land was among the top gainers, surging 2.6% to US$8.64. The biggest loser was DFI Retail Group, which dropped 8.5% to US$3.12. Among the local banks, OCBC rose 0.3%, DBS fell 0.1% and UOB dipped 0.2%.
On the iEdge Singapore Next 50 Index, Frencken Group led with a 5.8% gain, while StarHub suffered the steepest decline at 4.5%. Trading activity saw 1.8 billion securities valued at S$3.2 billion exchanged. Addvalue Tech was the most actively traded stock, with 134.9 million shares changing hands, while OCBC was the most actively traded by value, with 14.5 million shares worth S$455.4 million.
Regional indices showed mixed performance, with Hong Kong's Hang Seng Index up 0.6%, Japan's Nikkei 225 rising 1.4%, South Korea's Kospi increasing 2.7%, and Malaysia's KLCI declining 0.5%. The Bank of Japan’s recent interest rate hike could impact global markets, as higher rates make Japanese assets more appealing to domestic investors, potentially raising borrowing costs worldwide.
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.
