Singapore stocks fall amid mixed regional showing; STI closes almost flat
Ultragreen.AI is the biggest decliner on iEdge Singapore, falling 15.9% to US$0.475
Singapore stocks experienced a slight decline on Thursday (Oct 29) as regional market performances proved mixed. The key Straits Times Index (STI) closed 0.03% lower, or 1.9 points, at 5,396.03. Among blue-chip stocks, Genting Singapore emerged as the top gainers, surging 1.7% to S$0.60. Conversely, Wilmar International saw the largest decline, dropping 4.9% to S$3.11 amid an Indonesian investigation into plantation fires and weaker-than-expected Q3 earnings.
The three local banks displayed mixed results, with OCBC up 1.1%, DBS down 0.3%, and UOB falling 0.1%. Within the iEdge Singapore Next 50 Index, Top Glove emerged as the best performer, rising 3.3% to S$0.315. Financially, Ultragreen.AI suffered the steepest drop, falling 15.9% to US$0.475 after the company warned of a potential shortfall in FY2026 revenue.
Throughout the broader market, gains lagged behind losses by a margin of 250 to 304, with 1.1 billion securities valued at S$1.8 billion traded. Notably, DBS recorded the highest trading volume, with 3.6 million shares changing hands for a total value of S$262.5 million. Across other regional markets, Hong Kong's Hang Seng Index slipped 0.6%, Japan's Nikkei 225 gained 1.1%, South Korea's Kospi declined 1.2%, and the FTSE Bursa Malaysia KLCI decreased 0.2%.
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.