{
  "id": 19796515,
  "title": "Genting Singapore hits one-year low amid broader fall of Singapore stocks; STI down 1%",
  "url": "https://urgent.news/2026/11/13/genting-singapore-hits-one-year-low-amid-broader-fall-of-singapore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T11:08:22.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/companies-markets/genting-singapore-hits-one-year-low-amid-broader-fall-singapore-stocks-sti-down-1"
  },
  "original_language": "en",
  "account": "Singapore stocks closed lower on Friday, November 13, with the Straits Times Index (STI) falling 1% or 50.86 points to close at 5,231.84. Frasers Logistics & Commercial Trust was the top performer, gaining 1.1% or S$0.01 to reach S$0.89. Genting Singapore, on the other hand, reached a one-year low as the integrated resort operator reported a 42.2% plunge in net profit to S$54.7 million for the third quarter ended September 30. The stock saw a 5.7% decline or S$0.035, dropping to S$0.575. Other local banks also performed poorly, with DBS losing 1.5% at S$69.90, OCBC falling 0.5% at S$28.53, and UOB down 0.1% at S$37.75. Within the iEdge Singapore Next 50 Index, First Resources led gains with a 6.5% increase or S$0.18 to S$2.97, while Food Empire posted the biggest decline at 7.3% or S$0.13 to S$1.66. Despite this, the group reported an 11.7% revenue rise to a record US$476.5 million for the nine months ending September 30. In the broader market, losers outnumbered gainers 343 to 240, with 1.1 billion securities changing hands worth S$1.9 billion. Other regional indices saw mixed performances, with Hong Kong's Hang Seng Index down 1.5%, South Korea's Kospi decreasing by 1%, and the FTSE Bursa Malaysia KLCI falling 0.2%. In contrast, Japan's Nikkei 225 rose 0.5%.",
  "summary": "Across the broader market, losers beat gainers 343 to 240, after 1.1 billion securities worth S$1.9 billion change hands",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/19796515.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Banks in Singapore offer alternative contact channels amid Microsoft outage: ABS",
        "url": "https://urgent.news/2026/11/13/banks-in-singapore-offer-alternative-contact-channels-amid-microsoft",
        "published": "2026-11-13T07:31:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}