Singapore stocks end flat as Democrats win in US midterm elections
Across the broader market, gainers outnumber losers 392 to 198 after 1.3 billion securities change hands
On Wednesday (Nov 4), Singapore stocks closed almost unchanged as the Democrats secured control of both houses of Congress in the US midterm elections. The Straits Times Index (STI) finished at 5,268.63, up 0.01 percent or 0.66 points. DFI Retail Group led the index gainers with a 6.2 percent increase to US$3.75. UOB, on the other hand, was the worst performer, down 5 percent to US$38.44, due to its Q3 net profit of S$1.25 billion falling short of the S$1.38 billion consensus.
Other local banks, DBS and OCBC, also ended lower, with declines of 0.1 percent to S$70.7 and 0.2 percent to S$27.85, respectively. Within the iEdge Singapore Next 50 Index, CSE Global led with a 9.3 percent rise to S$1.00, while First Resources was the biggest loser, falling 4.7 percent to S$2.87.
Across the broader market, gainers outnumbered losers 392 to 198, with 1.3 billion securities worth S$2.9 billion changing hands. Hong Kong's Hang Seng Index gained 1.7 percent, and South Korea's Kospi was up 0.6 percent. Meanwhile, Japan's Nikkei 225 fell 1.4 percent, and the FTSE Bursa Malaysia KLCI declined 0.3 percent.
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 end flat as Democrats win in US midterm elections businesstimes.com.sg
