Singapore Stocks Lower on Last Trading Day of the Year; STI Down 0.2%

The Business Times2024-12-31

SINGAPORE stocks fell on thin trading volumes on Tuesday (Jan 31) before investors usher in the New Year.The local benchmark Straits Times Index (STI) was down 0.2 per cent or 8.13 points at 3,787.6 ...

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Across the broader market, gainers beat losers 184 to 175 after 553.9 million securities worth S$469.9 million changed hands.On the STI, Singapore Exchange was the top gainer, rising 1.5 per cent or S$0.19 to S$12.74.Wilmar International rose 0.3 per cent or S$0.01 to S$3.10, after it announced on Monday evening that it will acquire Indian conglomerate Adani Group’s remaining stake in Adani Wilmar at a price not exceeding 305 rupees (S$4.85) a share. Adani Wilmar is a consumer goods joint venture between both groups. Meanwhile, Jardine Matheson Holdings was at the bottom of the pack, falling 2.1 per cent or US$0.86 to US$40.97.Overnight, US markets were also in the red. 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