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Singapore Shares Sink Further Amid Weak Chinese Data; UOB down 3%

MT Newswires08-15

Singapore shares ended Friday in red, as investors reacted to weak Chinese data following slower industrial production growth.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,210.51 and 4,246.10 throughout the day. It ended the session at 4,230.53, down 25.99 points or 0.61% compared to Thursday's close.

In company news, shares of Yanlord Land (SGX:Z25) were up nearly 6% as it returned to an attributable profit of 379.2 million yuan during the first half of the year, against an attributable loss of 486.0 million yuan a year earlier.

The Straits Trading (SGX:S20) was down over 3% at the close as it booked an attributable loss of SG$40.8 million during the first half of the year, compared with an attributable profit of SG$5.2 million a year earlier.

Meanwhile, Hotel Grand Central's (SGX:H18) shares were down over 2% at the close as its attributable profit to owners declined in the first half of the year to SG$3.4 million from SG$7.5 million a year earlier.

STI fell 0.6%; UOB fell 3%; Sembcorp, CityDev fell 2%; DBS, SingPost fell 1%; YZJ Financial up 4%.

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Comment（1）

  • Reallyxxx
    ·08-15
    UOB was not down 3%. It went ex a $1.10 dividend! It was actually UP 8c. Just goes to show not very smart people write this stuff and it shld be read with a grain-of-salt
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