Singapore Stock Market May See Support

2022-06-15

Straits Times Index

-0.97%

The Singapore stock market has finished lower in five straight sessions, sinking more than 120 points or 4 percent along the way. The Straits Times Index now rests just beneath the 3,110-point plateau although it may find traction on Wednesday.

The global forecast is cautious ahead of the U.S. interest rate decision later today. The European markets were down and the U.S. bourses were mixed and little changed, and the oversold Asian markets figure to see little movement ahead of the rate decision.

The STI finished modestly lower on Tuesday following losses from the financial shares and property stocks, while the industrials were mixed.

For the day, the index dropped 30.46 points or 0.97 percent to finish at 3,108.89 after trading between 3,104.39 and 3,125.37. Volume was 1.66 billion shares worth 1.34 billion Singapore dollars. There were 312 decliners and 201 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

Jenjorjack
2022-06-15
Jenjorjack
Keep calm and wait for a better price
JeremyKok
2022-06-15
JeremyKok
thank you for sharing.
ccy1122
2022-06-15
ccy1122
[OK] [OK] [OK] [Like] [Like] [Like]
Niskil
2022-06-15
Niskil
Gogogo
Prosperous40
2022-06-15
Prosperous40
Ok
ErlinEL
2022-06-15
ErlinEL
Ok

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