Singapore stocks slip 0.1% as City Developments leads blue-chip losses
Sats was the strongest STI performer after reporting higher quarterly profit, while declining counters outnumbered advancers across the market.
Singapore’s Straits Times Index (STI) closed at 5,282.7 on Nov 12, 2026, shedding 6.96 points, or 0.1 per cent, as major regional markets also retreated.
City Developments Ltd (CDL) recorded the steepest fall among STI stocks, dropping S$0.48, or 6.7 per cent, to S$6.64. Its shares touched a one-year low during trading after the group warned that second-half performance would be significantly weaker. CDL pointed to unfavourable currency movements and possible property impairments among the reasons.
At the other end of the index, Sats gained S$0.17, or 4.3 per cent, to S$4.17. The airline caterer and air cargo handler reported net profit of S$81.1 million for the second quarter ending Sep 30, an increase of 2.8 per cent.
Bank shares were mixed. DBS added S$0.03, or 0.04 per cent, to S$71, while UOB advanced S$0.19, or 0.5 per cent, to S$37.77. OCBC slipped S$0.15, or 0.5 per cent, to S$28.67.
Among iEdge Singapore Next 50 Index constituents, NTT DC Reit led gains, adding US$0.03, or 3.3 per cent, to US$0.93. PC Partner was the weakest, losing S$0.19, or 8.8 per cent, to S$1.96.
Market-wide, 338 counters declined and 224 advanced. Trading involved 1.1 billion securities with a value of S$1.7 billion.
Elsewhere, Hong Kong’s Hang Seng fell 1.3 per cent and Japan’s Nikkei 225 dropped 0.7 per cent. South Korea’s Kospi and Malaysia’s FTSE Bursa Malaysia KLCI each lost 0.6 per cent.
