Goldilock
2022-10-21

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Market Summary Singapore stocks ended lower on Wednesday (Oct 19), amid mixed trading in the region. The Straits Times Index (STI) lost 0.1 per cent or 3.08 points to close at 3,022.8. Losers outnumbered gainers 315 to 209, after 964 million securities worth S$856.5 million changed hands. Yangzijiang Shipbuilding was the top-traded counter by volume, with 35.4 million shares worth S$40.2 million traded. The counter fell 1.7 per cent to S$1.14 at the close. The top gainer on the STI was ST Engineering. The counter rose 2.8 per cent to end at S$3.26, with 8.1 million shares worth S$26.5 million changing hands. The trio of local banks were up on Wednesday. DBS gained 1.1 per cent to S$32.85, OCBC rose 0.4 per cent to S$11.64, and UOB was up 0.04 per cent at S$26.27. Elsewhere in Asia, key indices were mixed. The FTSE Bursa Malaysia KLCI Index gained 1.1 per cent; the Nikkei 225 Index was up 0.4 per cent. The Hang Seng Index lost 2.4 per cent, and the SSE Composite Index was down 1.2 per cent. Wall Street stocks retreated on Wednesday, snapping a two-day rally as the latest jump in treasury yields exacerbated recession worries, offsetting generally good earnings. The yield on the 10-year US Treasury note, a proxy for Federal Reserve interest rates, jumped above four percent following a gloomy inflation report from Britain. The Dow Jones Industrial Average finished down 0.3 per cent at 30,423.81. The broad-based S&P 500 shed 0.7 per cent to 3,695.19, while the tech-rich Nasdaq Composite Index dropped 0.9 per cent to 10,680.51.
Market Summary Singapore stocks ended lower on Wednesday (Oct 19), amid mixed trading in the region. The Straits Times Index (STI) lost 0.1 per cent or 3.08 points to close at 3,022.8. Losers outnumbered gainers 315 to 209, after 964 million securities worth S$856.5 million changed hands. Yangzijiang Shipbuilding was the top-traded counter by volume, with 35.4 million shares worth S$40.2 million traded. The counter fell 1.7 per cent to S$1.14 at the close. The top gainer on the STI was ST Engineering. The counter rose 2.8 per cent to end at S$3.26, with 8.1 million shares worth S$26.5 million changing hands. The trio of local banks were up on Wednesday. DBS gained 1.1 per cent to S$32.85, OCBC rose 0.4 per cent to S$11.64, and UOB was up 0.04 per cent at S$26.27. Elsewhere in Asia, key indices were mixed. The FTSE Bursa Malaysia KLCI Index gained 1.1 per cent; the Nikkei 225 Index was up 0.4 per cent. The Hang Seng Index lost 2.4 per cent, and the SSE Composite Index was down 1.2 per cent. Wall Street stocks retreated on Wednesday, snapping a two-day rally as the latest jump in treasury yields exacerbated recession worries, offsetting generally good earnings. The yield on the 10-year US Treasury note, a proxy for Federal Reserve interest rates, jumped above four percent following a gloomy inflation report from Britain. The Dow Jones Industrial Average finished down 0.3 per cent at 30,423.81. The broad-based S&P 500 shed 0.7 per cent to 3,695.19, while the tech-rich Nasdaq Composite Index dropped 0.9 per cent to 10,680.51.

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