Singapore Stocks End in Negative Territory
Singapore stocks were pulled into negative territory on Thursday (Nov 14) after global equities ended mixed overnight.
As at 9.02 am, the Straits Times Index (STI) slid 12.62 points or 0.3 per cent to 3,707.72. Across the broader market, losers outweighed gainers 51 to 45 after 80.6 million securities worth S$69.5 million changed hands.
Top Performers and Losers
Door manufacturer and distributor HS Optimus Holdings took the top spot in terms of heavily-traded counters, dipping S$0.001 or 50 per cent to S$0.001 with 30 million securities traded.
Shares of seafood supplier Oceanus were briskly transacted as well, losing S$0.001 or 14.3 per cent to S$0.006.
Property developer Yanlord Land gained S$0.055 or 7.8 per cent to S$0.76.
Banks Trade Mixed
The local banks were trading mixed in the morning. UOB was the sole gainer of the trio, climbing S$0.03 or 0.1 per cent to S$35.53. DBS fell S$0.57 or 1.3 per cent to S$42.21, and OCBC inched down S$0.04 or 0.3 per cent to S$16.22.
Global Market Update
US stocks ended Thursday little changed as traders digested fresh data pointing to a small and widely expected rise in inflation last month.
The Dow Jones Industrial Average inched up 0.1 per cent to 43,958.19, while the broad-based S&P 500 rose by less than 0.1 per cent to 5,985.38. The tech-rich Nasdaq Composite Index fell 0.3 per cent to 19,230.74.
Over in Europe, shares edged lower as rising energy shares countered real estate losses.
The pan-European Stoxx 600 index closed 0.1 per cent lower at 501.59 points, one of the lowest level since Aug 13.
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Conclusion
The Singapore stock market ended the day in negative territory, with the STI slipping 0.3 per cent to 3,707.72. While some counters gained, others lost ground, including door manufacturer HS Optimus Holdings and seafood supplier Oceanus. Global markets also traded mixed, with US and European indices ending little changed.
FAQs
Q: What was the performance of the Straits Times Index (STI) on Thursday?
A: The STI slid 12.62 points or 0.3 per cent to 3,707.72.
Q: Which stock was the top performer in terms of heavily-traded counters?
A: Door manufacturer and distributor HS Optimus Holdings, which dipped S$0.001 or 50 per cent to S$0.001 with 30 million securities traded.
Q: Which bank was the sole gainer of the trio among local banks?
A: UOB, which climbed S$0.03 or 0.1 per cent to S$35.53.
Q: How did US stocks perform on Thursday?
A: US stocks ended Thursday little changed, with the Dow Jones Industrial Average inched up 0.1 per cent to 43,958.19 and the S&P 500 rose by less than 0.1 per cent to 5,985.38.
