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2022-06-20

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STI Down 0.05% on Monday Despite Modest Wall Street Gains Last Week

SINGAPORE stocks fell on Monday (Jun 20) despite Wall Street’s modest gains last Friday.The benchmar

STI Down 0.05% on Monday Despite Modest Wall Street Gains Last Week

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Across the broader market, losers outnumbered gainers 273 to 233 after 1.02 billion securities worth S$813.5 million changed hands.</p><p>Major indexes in Japan, South Korea and Australia fared worse, falling between 0.6 per cent and 2 per cent. However, Hong Kong’s Hang Seng Index bucked the Asian trend, closing up 0.4 per cent.</p><p>Despite Nasdaq’s 1.4 per cent bounce last Friday, Mizuho Bank’s head of economics and strategy Vishnu Varathan said it “may not be wise to imagine that markets are out of the wood” as US equities are down about 4.8 per cent to 5.8 per cent.</p><p>IG market strategist Yeap Jun Rong added that some caution remains as there is, for now, “no clear catalyst” that is likely to drive a sustained recovery in risk sentiments.</p><p>Among STI constituents, diversified business group Jardine Matheson Holdings : J36 was the biggest gainer, closing 1.9 per cent or US$0.94 higher at US$51. Trailing behind is property developer UOL : U14, which closed up 1.8 per cent or S$0.13 at S$7.24.</p><p>Finishing at the bottom of the STI performance table were Hongkong Land : H78, which shed 3.6 per cent or US$0.18 to close at US$4.82, and Yangzijiang Shipbuilding : BS6, which lost 2.5 per cent or S$0.025 to close at S$0.965.</p><p>The trio of local banks closed mixed; DBS : D05 and UOB : U11 rose 0.07 per cent and 0.04 per cent respectively to end at S$29.91 and S$26.84, while OCBC : O39 slipped 0.2 per cent to S$11.40.</p><p>In the broader market, the most actively traded counter by volume was Sembcorp Marine : S51 -3.67%, which closed down 3.7 per cent or S$0.004 at S$0.105 after some 67.9 million of its shares worth S$7.2 million exchanged hands.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>STI Down 0.05% on Monday Despite Modest Wall Street Gains Last Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSTI Down 0.05% on Monday Despite Modest Wall Street Gains Last Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-20 17:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/sti-down-005-on-monday-despite-modest-wall-street-gains-last-week><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE stocks fell on Monday (Jun 20) despite Wall Street’s modest gains last Friday.The benchmark Straits Times Index (STI) moved down 0.05 per cent or 1.69 points to 3,096.4. Across the broader ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/sti-down-005-on-monday-despite-modest-wall-street-gains-last-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/companies-markets/sti-down-005-on-monday-despite-modest-wall-street-gains-last-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138048832","content_text":"SINGAPORE stocks fell on Monday (Jun 20) despite Wall Street’s modest gains last Friday.The benchmark Straits Times Index (STI) moved down 0.05 per cent or 1.69 points to 3,096.4. Across the broader market, losers outnumbered gainers 273 to 233 after 1.02 billion securities worth S$813.5 million changed hands.Major indexes in Japan, South Korea and Australia fared worse, falling between 0.6 per cent and 2 per cent. However, Hong Kong’s Hang Seng Index bucked the Asian trend, closing up 0.4 per cent.Despite Nasdaq’s 1.4 per cent bounce last Friday, Mizuho Bank’s head of economics and strategy Vishnu Varathan said it “may not be wise to imagine that markets are out of the wood” as US equities are down about 4.8 per cent to 5.8 per cent.IG market strategist Yeap Jun Rong added that some caution remains as there is, for now, “no clear catalyst” that is likely to drive a sustained recovery in risk sentiments.Among STI constituents, diversified business group Jardine Matheson Holdings : J36 was the biggest gainer, closing 1.9 per cent or US$0.94 higher at US$51. Trailing behind is property developer UOL : U14, which closed up 1.8 per cent or S$0.13 at S$7.24.Finishing at the bottom of the STI performance table were Hongkong Land : H78, which shed 3.6 per cent or US$0.18 to close at US$4.82, and Yangzijiang Shipbuilding : BS6, which lost 2.5 per cent or S$0.025 to close at S$0.965.The trio of local banks closed mixed; DBS : D05 and UOB : U11 rose 0.07 per cent and 0.04 per cent respectively to end at S$29.91 and S$26.84, while OCBC : O39 slipped 0.2 per cent to S$11.40.In the broader market, the most actively traded counter by volume was Sembcorp Marine : S51 -3.67%, which closed down 3.7 per cent or S$0.004 at S$0.105 after some 67.9 million of its shares worth S$7.2 million exchanged hands.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}