Singapore stocks dip 0.2% as OCBC, Seatrium weigh on STI
City Developments Ltd leads the gainers on the blue-chip index, rising 3.7% to S$8.42
On Wednesday, September 23, Singapore stocks closed lower as declines in OCBC and Seatrium outpaced gains elsewhere. The Straits Times Index (STI) slipped 0.2%, or 13.85 points, to reach 5,709.91. City Developments Ltd (CDL) stood out, leading the gainers by 3.7% to S$8.42. Seatrium was the worst performer among the STI constituents, down 2.3% to S$2.10.
The three local banks ended mixed, with UOB up 0.1% to S$42.84 and DBS falling 0.1% to S$77.69. OCBC dropped 1.5% to S$31.65. Notably, Frencken Group was the top gainer in the iEdge Singapore Next 50 Index, up 3.5% to S$2.68, while First Resources was the biggest decliner, down 11.2% to S$4.44. Across the broader market, winners outnumbered losers 279 to 249, with 1.2 billion securities changing hands worth S$2 billion.
Institutional investors have returned to Singapore's large-cap stocks in Q3, with Yangzijiang Shipbuilding, Keppel, and Thai Beverage recording significant inflows.
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.
