Market Update: STI down by 0.55%

The Straits Times Index (STI) closed down by 17.55 points or 0.55% at 3,192.17 on Tuesday.

Bottom performers for Tuesday were Singapore Airlines with a $5.08 or 2.87% in loss, Singtel which went lower by 2.69% or $2.53, and SATS which declined 2.12% or $4.16.

About 1.61-billion securities worth $1.37b changed hands, with stock decliners outnumbering advancers, 280 to 184.

Asian stocks also traded mixed amidst declines in Wall Street indexes on Monday.

The main New York indexes fell for the second straight day as travel stocks were hit by global spike in COVID-19 cases.

The S&P 500 slipped 28.32 points or 0.68% to 4,134.94, whilst the Dow Jones Industrial fell 256.33 points or 0.75% at 33,821.30. NASDAQ also edged down 128.50 points or 0.92% at 13,786.27.

Meanwhile, London’s blue-chip index ended its worst session in nearly two months, dragged down by oil and cigarette makers stocks.

FTSE 100 dropped 2% or 140.21 points, ending at 6,859.87, whilst FTSE 250 lowered 1.70% or 382.31 points to end at 22,108.55.