Singapore shares close 1.2% lower on Monday
THE local market ended 1.17 per cent lower on Monday with the Straits Times Index retreating 39.23 points to 3,313.42 as Shanghai chalked up its sharpest fall in a long while.
The blue-chip index saw 26 of its 30 component stocks retreating, led by the local banks, and only three advancing.
About 1.74 billion shares worth S$982 million changed hands, which worked out to an average unit price of S$0.56 per share.
The most actively traded stock was Catalist-listed waterproofing company Chinese Global, which shot up S$0.043, or 215 per cent, to S$0.063 with 178.2 million shares changing hands. Other actives included WE Holdings and IHC.
Losers outnumbered gainers 402 to 93.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Why the yen is so weak and what that means for Japan
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce