SINGAPORE: Singapore stocks declined on Wednesday, Sept 25, even though global markets had risen the previous night. The Straits Times Index (STI) fell by 0.4%, or 14.
52 points, to 3,608.22 by 9:02 am, as reported by The Business Times. In the broader market, 90 stocks gained, while 40 declined after a total of 56.
8 million securities valued at S$105 million were traded. Seatrium led the trading volume. The company’s shares rose by 1.
7%, or S$0.03, to S$1.77, with 7.
1 million shares exchanged. Property developer Ying Li International Real Estate also saw notable movement, with its stock jumping 16.3%, or S$0.
007, to S$0.05. Jiutian Chemical Group was another active stock, climbing 7.
7%, or S$0.002, to S$0.028.
Banking stocks fell during the early session. DBS, OCBC, and UOB all saw declines. DBS shares dropped by 0.
4%, or S$0.17, to S$38.66.
OCBC retreated by 0.3%, or S$0.04, to S$15.
46. UOB had a larger dip, losing 0.8%, or S$0.
27, to S$32.72. On Tuesday, Wall Street stocks reached new record highs as investors overlooked weak consumer data and responded positively to China’s aggressive stimulus plans.
The Dow Jones Industrial Average closed 0.2% higher at a record 42,208.22.
The S&P 500 also gained 0.3% to reach 5,732.93, while the Nasdaq Composite advanced 0.
6% to 18,074.52. In Europe, stocks also closed higher on Tuesday, led by gains in China-exposed companies like luxury brands and automakers, following broad stimulus measures introduced by China’s central bank to.
