Singapore stocks end lower amid downbeat regional showing; STI down 0.5%
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[SINGAPORE] Singapore stocks ended lower on Wednesday (May 20).
The benchmark Straits Times Index (STI) lost 0.5 per cent or 27.43 points to finish at 5,044.91.
Wilmar International led the gainers on Singapore’s blue-chip index, rising 2.2 per cent or S$0.08 to end at S$3.73.
It was the worst STI performer on Tuesday, having fallen 1.6 per cent.
The worst performer among STI constituents on Wednesday was Yangzijiang Shipbuilding , falling 3.3 per cent or S$0.13 to close at S$3.81.
The local banks all ended lower. DBS lost 1.1 per cent or S$0.70, closing the day at S$61.30.
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OCBC fell 0.8 per cent or S$0.19 to S$23.24, and UOB was down 0.4 per cent or S$0.16 at S$37.59.
The iEdge Singapore Next 50 Index lost 0.9 per cent or 14.21 points to 1,531.14.
Within the index, Frencken was the top gainer, rising 8.5 per cent or S$0.24 to finish at S$3.05, while First Resources was the top loser, falling 5.9 per cent or S$0.19 to end the session at S$3.03.
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Across the broader market, gainers were outnumbered by losers 258 to 344, after 1.6 billion securities worth S$2.3 billion changed hands.
Key regional indices were negative.
Hong Kong’s Hang Seng Index lost 0.6 per cent, Japan’s Nikkei 225 index fell 1.2 per cent, South Korea’s Kospi was down 0.9 per cent and the FTSE Bursa Malaysia KLCI declined 0.6 per cent.
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