Singapore shares retreat as chip stocks slide; STI loses 0.4%
Mi Material closed 16.1 per cent lower, while all three local banks declined. Mapletree Logistics Trust led gains among STI constituents.
Singapore’s Straits Times Index closed at 5,376.74 on Oct 30, 2026, a decline of 19.29 points, or 0.4 per cent, as semiconductor shares came under selling pressure following overnight losses on Wall Street.
Chip-packaging materials maker Mi Material, newly listed on the exchange, finished at S$1.51 after falling 16.1 per cent. AEM ended at S$7.45, losing S$0.70, or 8.6 per cent, making it the weakest constituent of the iEdge Singapore Next 50 Index. UMS Integration dropped 7.8 per cent and Frencken shed 5.2 per cent, with both closing at S$2.01.
The three local banks also declined. DBS finished at S$73.13, down S$0.67, or 0.9 per cent. OCBC closed at S$29.29 after slipping 0.2 per cent, while UOB eased 0.3 per cent to finish at S$41.37.
Among STI stocks, Mapletree Logistics Trust posted the strongest rise, closing at S$1.10 after adding S$0.03, or 2.8 per cent. Wilmar International recorded the largest decline, ending at S$3.01 following a fall of S$0.10, or 3.2 per cent. Yangzijiang Financial topped the Next 50 gainers, advancing 7.5 per cent, or S$0.015, to finish at S$0.215.
Market-wide turnover reached S$1.9 billion across 1.1 billion securities. Declining counters numbered 304, outnumbering the 270 that advanced.
