STI falls 0.48% on first trading day of the week, alongside regional markets

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LOCAL shares closed lower in tandem with regional markets amid a bearishness driven largely by pockets of resurgence of Covid-19 across the globe, particularly in Europe and the UK. Read more at The Business Times.

Regional markets mostly ended the day lower in line with a Wall Street retreat. The KLCI dipped 0.48 per cent, while the Hang Seng Index lost 2.06 per cent. The Shanghai Composite Index fell 0.63 per cent. Only the Nikkei 225 bucked the trend, inching up 0.18 per cent.

Of the 30 constituent stocks, only three finished the day up. Jardine Matheson Holdings was the biggest advancer for the day, closing US$0.64 or 1.68 per cent higher at US$41.17. Jardine Strategic Holdings advanced US$0.20 or 0.97 per cent to US$20.85. Sembcorp Industries was the final gainer for the day, following news of its S$1.5 million investment into a fund to support essential workers, charities and migrant workers. The counter ended the day at S$1.34, up one Singapore cent or 0.75 per cent.

On the other end of the spectrum, beleaguered Singapore Airlines emerged the biggest loser. The stock shed S$0.08 or 2.29 per cent to close at S$3.42. Airline gateway services provider SATS lost S$0.04 or 1.4 per cent to end the day at S$2.82.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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