Singapore Shares Remain in the Negative; DBS Falls 1.6%

MT Newswires08-06

Singapore's stock market continued to stay in the negative territory on Tuesday, as the Dow Jones Industrial Average plummeted 2.6% over economic worries and instability across global markets.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,198.44 and 3,274.12 throughout the day. It ended the session at 3,198.44, down 45.23 points or 1.39% compared to Monday's close.

In company news, shares of Asiaphos (SGX:5WV) slumped nearly 17% after the company flagged a higher profit for the second quarter compared to the year-ago period and a profit for the first half of the year compared to a loss in the comparable period.

HL Global (SGX:AVX) was down over 2% after its profit attributable to owners was up 68% year over year to SG$770,000 in the first half of the year from SG$458,000.

GSH's (SGX:BDX) was down nearly 9% after its attributable loss to owners widened 41% year over year to SG$7.0 million in the first half of the year, from SG$11.9 million a year ago.

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