Singapore Stock Market Expected To Extend Losing Streak

2022-06-17

Straits Times Index

-0.22%

The Singapore stock market has finished lower in seven straight sessions, sinking more than 135 points or 4.4 percent along the way. The Straits Times Index now rests just beneath the 3,100-point plateau and it's predicted to open in the red again on Friday.

The global forecast for the Asian markets suggests further consolidation on worldwide recession fears. The European and U.S. markets finished with deep losses and the Asian bourse are also tipped to open in the red.

The STI finished slightly lower on Thursday following mixed performances from the financial shares, property stocks and industrial issues.

For the day, the index slipped 8.42 points or 0.27 percent to finish at 3,097.43 after trading between 3,094.57 and 3,150.11. Volume was 1.74 billion shares worth 1.37 billion Singapore dollars. There were 314 decliners and 202 gainers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

1M30
2022-06-17
1M30
Right now during this bear market it may be tough for everyone to deal with it emotionally. Stay strong everyone and remember the market always goes up in the long term!
Ztradee
2022-06-17
Ztradee
Oh dear. On the other hand, it is time to do some fruit pickings.
Maria_yy
2022-06-18
Maria_yy
Nice post, I will share it with others.
ferwih
2022-06-17
ferwih
nice info
tamira
2022-06-17
tamira
Yes, the market is bearish!
kiliman
2022-06-17
kiliman
no horse run

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