Singapore stocks fall 1.4% as banks retreat
OCBC recorded the steepest decline among STI constituents, while Jardine Matheson led gains.
Singapore’s Straits Times Index (STI) closed at 5,303.83 on Nov 2, 2026, after dropping 72.91 points, or 1.4 per cent, with all three local banks finishing lower.
OCBC was the weakest STI constituent, shedding S$0.97, or 3.3 per cent, to S$28.32. DBS finished at S$71.71 after a decline of S$1.42, or 1.9 per cent. UOB slipped S$0.71, or 1.7 per cent, to S$40.66.
Jardine Matheson topped the benchmark’s gainers. Its shares closed at US$58.88, up US$1.21, or 2.1 per cent.
Among iEdge Singapore Next 50 Index constituents, CSE Global posted the largest rise, adding S$0.035, or 4 per cent, to S$0.91. Sheng Siong had the sharpest fall, losing S$0.25, or 9.4 per cent, to close at S$2.42.
Market-wide, 310 securities declined and 276 advanced. Turnover amounted to S$2.4 billion, with 935.9 million securities traded.
Addvalue Tech led trading by volume, with 26.9 million shares exchanged. DBS ranked first by trading value: transactions in 11.1 million of its shares totalled S$793.6 million.
