Singapore stocks declined on Thursday—STI dipped by 1.1%

The Independent Singapore04-25

SINGAPORE: Singapore stocks declined on Thursday morning, mirroring the lacklustre performance seen in global markets.The Business Times reported that the Straits Times Index (STI) dipped by 1.1%, ...

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The market saw more losers than gainers, with 84 stocks on the decline compared to 30 on the rise, as 63.1 million securities valued at S$86 million changed hands.Genting Singapore hogged the spotlight as the most actively traded counter by volume. It slipped by 2.7%, or S$0.025, reaching S$0.915, with 16.8 million securities traded.Other counters that saw brisk trading included Seatrium, which dropped by 1.2% or S$0.001 to S$0.085, after 8.4 million shares changed hands, and Yoma Strategic, which was down by 2.3%, or S$0.001, closing at S$0.043, with 3.1 million securities exchanged.Banking stocks also took a hit in early trading. DBS fell by 1% or S$0.33 to S$34.05, OCBC shed 0.1% or S$0.01 to S$14.14, and UOB sank by 2.8% or S$0.86 to S$30.29.Across the pond in the US, stocks closed with little change on Wednesday, with investors awaiting key US inflation data. 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