Market Summary 

The Straits Times Index (STI) added 0.6 per cent or 19.67 points to close at 3,165.50 on Wednesday (Nov 9), tracking a rally on Wall Street as major US indices gained for the third consecutive day. In the broader Singapore market, gainers outnumbered losers 323 to 213, with 1.6 billion securities worth S$1.1 billion traded. Data centre-focused Keppel DC Reit was the top performer among Singapore’s blue-chip stocks on Wednesday, gaining 3.5 per cent or S$0.06 to end at S$1.76. At the bottom of the table was Hongkong Land – part of the Jardine Matheson Group – which fell 1.2 per cent or US$0.05 to US$4.13. Jardine Matheson Holdings was the only other decliner on the STI, falling 0.2 per cent or US$0.08 to US$47.52. Yangzijiang Shipbuilding was the most heavily traded STI stock for the second consecutive day, closing flat at S$1.28 after 38 million shares changed hands. The trio of local lenders all ended higher. DBS edged up 0.2 per cent or S$0.08 to S$34.67, UOB climbed 1 per cent or S$0.29 to S$29.14, and OCBC added 0.8 per cent or S$0.10 to end at S$12.25.

Wall Street stocks tumbled on Wednesday, with the Dow dropping nearly 650 points, as markets digested US election results and monitored upheaval in the cryptocurrency market. After three straight positive sessions, stocks were in the red the whole session after US midterm elections. The Dow Jones Industrial Average lost 2.0 per cent to finish at 32,513.94. The broad-based S&P 500 fell 2.1 per cent to 3,748.57, while the tech-rich Nasdaq Composite Index slid 2.5 per cent to 10,353.18.