Singapore stocks slip 0.4% as all three local banks retreat
Declining counters outnumbered gainers 410 to 198, with S$1.6 billion worth of securities traded.
Singapore’s Straits Times Index (STI) closed at 5,415.14 on October 22, shedding 22.85 points, or 0.4 per cent, as all three local banks finished the session lower.
DBS slipped 0.1 per cent to S$74.57. OCBC and UOB each declined 0.3 per cent, closing at S$29.05 and S$41.88 respectively. DBS also recorded the highest trading value, with 3.5 million shares worth S$259.3 million traded.
Frasers Centrepoint Trust posted the strongest gain among STI members, adding S$0.05, or 2.4 per cent, to reach S$2.11. Seatrium ranked last, losing S$0.05, or 2.7 per cent, to close at S$1.78.
Among iEdge Singapore Next 50 Index constituents, Keppel Reit led advances with a S$0.01 increase, equivalent to 1.3 per cent, to S$0.795. AEM SGD registered the largest decline, dropping S$0.55, or 6.3 per cent, to S$8.24.
Market-wide turnover reached 1.2 billion securities valued at S$1.6 billion. There were 198 advancing counters against 410 decliners. CapAllianz topped trading by share volume, with 88.7 million shares traded.
