Daily Markets Briefing: STI down 0.06%

Find out who the biggest losers were.

According to KGI Fraser, Asian stock indices closed mostly lower for the day, with Chinese equities dropping sharply. The Shanghai and Shenzhen Composites both fell 2.3% and 4.4% respectively, dragging Hong Kong’s Hang Seng (down 0.9%) along into the negative territory.

However Japan’s Nikkei managed to extend gains from the prior session, inching up 0.2% higher on the back of the weaker yen. Crude prices also slipped after reports emerged that oil workers in Kuwait has ended their strike, restoring the OPEC member’s crude production.

Here’s more from KGI Fraser:

The STI was relatively unchanged, dipping 0.1% or 1.86 points to close at 2,949.95.

Top gainers include Jardine C&C (S$44.750; +2.2%), Sembcorp Marine (S$1.850; +1.9%) and Golden Agri-Resources (S$0.420; +1.2%), while top decliners include CapitaLand (S$3.170; -1.6%), Thai Beverage (S$0.715; -1.4%) and Keppel Corp (S$5.990; -1.3%).

Top actively traded counters also include Magnus Energy (S$0.004; +33.3%) and Spackman (S$0.145; +7.4%), with more than 80 million shares changing hands for each counter.

Also Read

Daily Markets Briefing: STI up 01.08%; Top stock is DBS

Daily Markets Briefing: STI up 0.63%; Top stock is DBS

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit