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 (Nov 3), Singapore stocks continued their decline, with the benchmark Straits Times Index (STI) losing 0.7 percent or 34.54 points to close at 5,269.29. Among the gainers, Jardine Matheson rose by 1.4 percent or US$0.81 to US$59.69. The worst performer was Sats, which dropped 3.3 percent or S$0.12 to S$3.54. Major local banks all ended in the red, with DBS falling 1.2 percent or S$0.83 to S$70.88, OCBC down 1.4 percent or S$0.41 to S$27.91, and UOB decreasing 0.5 percent or S$0.20 to S$40.46.
The iEdge Singapore Next 50 Index saw NTT DC Real Estate Investment Trust as the top gainer, up 2.2 percent or US$0.02 to US$0.925, while UltraGreen.ai was the biggest decliner, falling 9.1 percent or US$0.04 to US$0.40. Broader market data showed 310 losing securities for every 291 gaining ones, with 1.1 billion shares valued at S$2.1 billion changing hands.
Investors were affected by the US' strike on Iran on the eve of midterm elections, causing tech shares to experience "fresh wobbles" after a Wall Street rally stalled. Addvalue Tech was the most actively traded stock, with 125.9 million shares exchanged, while DBS was the most actively traded stock by value, with 7.9 million shares worth S$556.9 million.
Other regional indices showed mixed results, with Hong Kong's Hang Seng Index up 0.6 percent, South Korea's Kospi down 3.6 percent, and the FTSE Bursa Malaysia KLCI increasing by 0.1 percent.
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- Singapore stocks continue decline; STI down 0.7% businesstimes.com.sg
