Singapore stocks continue decline; STI down 0.7%
Across the broader market, losers outnumber gainers 310 to 291, as 1.1 billion securities worth S$2.1 billion change hands
On Tuesday, November 3, Singapore's stocks continued their downward trend as the benchmark Straits Times Index (STI) slipped 0.7% or 34.54 points to close at 5,269.29. Among the gainers, Jardine Matheson led with a 1.4% rise, pushing its share price to US$59.69. Conversely, Sats experienced the steepest decline, dropping 3.3% to S$3.54.
Local banks also suffered losses, with DBS, OCBC, and UOB all ending the day in the red. The iEdge Singapore Next 50 Index saw NTT DC Real Estate Investment Trust as the top performer, up 2.2% to US$0.925, while UltraGreen.ai was the biggest loser, falling 9.1% to US$0.40. In the broader market, losses outweighed gains 310 to 291, with 1.1 billion securities changing hands, totaling S$2.1 billion.
Investors were influenced by the US' strike on Iran and the approaching midterm elections, which were seen as favorable for Democrats taking control of both houses. Addvalue Tech had the highest trading volume, with 125.9 million shares changing hands, while DBS was the most actively traded stock in terms of value, with 7.9 million shares worth S$556.9 million.
Regional indices were mixed, with Hong Kong's Hang Seng Index up 0.6%, South Korea's Kospi down 3.6%, and the FTSE Bursa Malaysia KLCI rising 0.1%.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Singapore stocks continue decline; STI down 0.7% businesstimes.com.sg
