Singapore Stocks Fall on Banking Sector Uncertainty; STI Down 1.4%

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Singapore Stocks Fall on Banking Sector Uncertainty; STI Down 1.4%

The Business Times2023-03-20

SINGAPORE shares tumbled on Monday (Mar 20), as dark clouds over the banking sector in the United States and Europe contributed to a sea of red across key Asian markets.The Straits Times Index (STI) ...

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·2023-03-20
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DBS : D05 -1.01% fell 1 per cent or S$0.33 to S$32.22, UOB : U11 -1.16% shed 1.2 per cent or S$0.33 to close at S$28.21, and OCBC : O39 -1.47% dropped 1.5 per cent or S$0.18 to finish at S$12.08.Property group Hongkong Land : H78 +1.2% and spirits maker Emperador : EMI +0.98% were the only two gainers among the blue-chip stocks.Hongkong Land gained 1.2 per cent or US$0.05 to close at US$4.22, while Emperador climbed 1 per cent or S$0.005 to S$0.52.The worst performer among the STI counters was airport services and food solutions provider Sats : S58 -5.02%, which fell 5 per cent or S$0.13 to S$2.46.Thai Beverage : Y92 0% was the most heavily traded index stock. 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