The Straits Times Index falls 5.04 points to 4,887.69 – close to the level on the first trading day after the Iran war began.
[SINGAPORE] Singapore stocks ended marginally lower on Tuesday (Apr 28), as the ongoing Middle East conflict concluded its second month and Brent crude prices climbed above the US$110 a barrel mark.
The benchmark Straits Times Index (STI) slipped 0.1 per cent, or 5.04 points, to close at 4,887.69 – close to the 4,890.86 level on Mar 2, the first trading day after the US-Israel-Iran conflict began on Feb 28.
Singapore’s three local banks finished mixed. OCBC rose 0.4 per cent, or S$0.08, to S$21.68, while UOB gained 0.2 per cent, or S$0.06, to S$35.96. DBS edged down 0.1 per cent, or S$0.04, to S$56.75.
Across the broader market, losers outnumbered gainers 350 to 267, after two billion securities worth S$2 billion changed hands.
Seatrium was the top gainer among STI constituents, climbing 2.6 per cent, or S$0.06, to S$2.40. The biggest decliner was Mapletree Pan Asia Commercial Trust, which fell 3.6 per cent, or S$0.05, to S$1.35.
Its manager on Tuesday reported a 2.6 per cent decline in distribution per unit to S$0.019 for the fourth quarter ended March, from S$0.0195 a year earlier. Revenue fell 5.5 per cent to S$210.7 million from S$222.9 million, dragged by weaker overseas contributions.
Within the iEdge Singapore Next 50 Index, Boustead Singapore was the top performer, rising 5.8 per cent, or S$0.13, to S$2.36; while UltraGreen.ai was the biggest loser, down 2.8 per cent, or US$0.04, at US$1.39.
Regional markets were mixed. Hong Kong’s Hang Seng Index fell 1 per cent, Japan’s Nikkei 225 lost 1 per cent, South Korea’s Kospi gained 0.4 per cent, and FTSE Bursa Malaysia KLCI rose 0.7 per cent.
Article Resource: The Business Times