Market Overview
Across the broader market, gainers beat losers 298 to 286 as 1.4 billion securities worth S$1.7 billion changed hands.
Singapore Equities
SINGAPORE equities were marginally lower at the end of the first trading session since the Monetary Authority of Singapore (MAS) unveiled plans to boost the stock market.
Straits Times Index (STI)
The benchmark Straits Times Index (STI) fell 0.1 per cent or 2.19 points to 3,927.75.
Top Performers
The STI’s top counter was property developer UOL, which rose 5.9 per cent or S$0.30 to S$5.39. This was after integrated development Parktown Residence sold more than 87 per cent of its units over its launch weekend. It is being developed by a joint venture between UOL, Singapore Land and CapitaLand Development.
The Singapore Exchange (SGX) was the next-highest gainer on the STI. It rose 3.9 per cent or S$0.50 to S$13.30, buoyed by investors’ positive sentiment towards MAS’ initiatives.
Losers
Maritime player Yangzijiang Shipbuilding tumbled 7.1 per cent or S$0.23 to S$2.99, and was the biggest loser on the index. The three local banks finished in the red. DBS fell 0.6 per cent or S$0.27 to S$46.35, UOB slid 0.1 per cent or S$0.03 to S$38.35, and OCBC decreased 0.2 per cent or S$0.04 to S$17.69.
Regional Markets
Key indices in the region ended mostly lower. Hong Kong’s Hang Seng Index fell 0.6 per cent, South Korea’s Kospi Composite Index declined 0.4 per cent, and the Bursa Malaysia Kuala Lumpur Composite index retreated 0.4 per cent. Meanwhile, Japan’s Nikkei 225 gained 0.3 per cent.
Conclusion
The Singapore equities market was marginally lower at the end of the first trading session since the Monetary Authority of Singapore (MAS) unveiled plans to boost the stock market. Gainers outnumbered losers, with 298 stocks rising and 286 falling, as 1.4 billion securities worth S$1.7 billion changed hands.
Frequently Asked Questions
Q: What was the performance of the Straits Times Index (STI) on the first trading session since the Monetary Authority of Singapore (MAS) announced plans to boost the stock market?
A: The STI fell 0.1 per cent or 2.19 points to 3,927.75.
Q: Which stock was the top performer on the STI?
A: UOL, a property developer, rose 5.9 per cent or S$0.30 to S$5.39.
Q: Which stock was the biggest loser on the STI?
A: Yangzijiang Shipbuilding tumbled 7.1 per cent or S$0.23 to S$2.99.
