Singapore stocks continue losing streak on Wednesday, STI falls 0.7%
Frasers Centrepoint Trust leads the gainers; the Big Three banks all end lower
Singapore stocks continued their declining trend on Wednesday, September 30, as the Straits Times Index (STI) fell 0.7% or 38.96 points to close at 5,675.88. Frasers Centrepoint Trust was the top gainers of the day, rising 1.5% to 2.09. Among the STI's constituents, Venture Corporation experienced the steepest decline, falling by 2.8% to 16.23.
Major local banks, DBS, OCBC, and UOB, all ended the day in the red. The broader market saw more losses than gains, with a ratio of 250 to 283. The iEdge Singapore Next 50 Index experienced a modest gain of 0.1%, ending at 1,483.71. Despite the overall downward trend, UMS Integration led the index with a 3% increase. The trading volume for the day totaled 1.5 billion shares, with a total value of S$2.5 billion.
Among actively traded stocks, Capital World led in terms of shares, while DBS had the highest trading value, with S$462.2 million worth of shares changing hands.
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.
