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2022-06-13
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@AMDidassThe Singapore stock market has moved lower in three straight sessions, sinking almost 50 points or 1.6 percent along the way. The Straits Times Index now rests just above the 3,180-point plateau and it's tipped to open under pressure again on Monday. The global forecast for the Asian markets is sharply negative on growing interest rate and inflation concerns. The European and U.S. markets took heavy damage and the Asian bourses are tipped to open in similar fashion. The STI finished modestly lower on Friday following losses from the financial shares, property stocks and industrial issues. For the day, the index lost 27.89 points or 0.87 percent to finish at 3,181.73 after trading between 3,176.17 and 3,192.56. Volume was 1 billion shares worth 947.2 million Singapore dollars. There were 288 decliners and 187 gainers. Among the actives, Ascendas REIT lost 0.70 percent, while CapitaLand Integrated Commercial Trust weakened 0.89 percent, CapitaLand Investment slipped 0.52 percent, City Developments slid 0.60 percent, Comfort DelGro fell 0.69 percent, DBS Group dropped 0.76 percent, Hongkong Land jumped 1.60 percent, Keppel Corp eased 0.29 percent, Mapletree Commercial Trust slipped 0.55 percent, Mapletree Industrial Trust retreated 1.19 percent, Mapletree Logistics Trust plunged 1.76 percent, Oversea-Chinese Banking Corporation surrendered 1.28 percent, SATS sank 0.73 percent, SembCorp Industries tanked 1.42 percent, Singapore Exchange was down 0.51 percent, Singapore Technologies Engineering declined 1.21 percent, SingTel slumped 0.79 percent, United Overseas Bank tumbled 1.32 percent, Wilmar International shed 0.72 percent, Yangzijiang Financial plummeted 1.96 percent, Yangzijiang Shipbuilding skidded 1.00 percent and Genting Singapore and Thai Beverage were unchanged.
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