The Singapore stock market has finished lower in three straight sessions, sinking more than 25 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,300-point plateau, and it’s expected to take further damage on Thursday.
The global forecast for the Asian markets is soft on continuing anxiety over the outlook for interest rates and tumbling oil prices. The European and U.S. markets were mixed and little changed and the Asian bourses figure to open under pressure.
The STI finished slightly lower on Wednesday following mixed performances from the financial shares, property stocks and industrial issues.
For the day, the index slipped 6.82 points or 0.21 percent to finish at 3,300.04 after trading between 3,291.04 and 3,309.50, RTTNews reported.
Among the actives, Ascendas REIT declined 1.43 percent, while CapitaLand Integrated Commercial Trust tumbled 1.54 percent, CapitaLand Investment added 0.79 percent, City Developments advanced 0.89 percent, Comfort DelGro and Mapletree Industrial Trust both sank 0.85 percent, DBS Group lost 0.57 percent, Hongkong Land rose 0.43 percent, Keppel Corp soared 2.80 percent, Mapletree Pan Asia Commercial Trust shed 0.58 percent, Mapletree Logistics Trust tanked 1.78 percent, Oversea-Chinese Banking Corporation dropped 1.07 percent, SATS skidded 1.09 percent, SembCorp Industries climbed 1.06 percent, Singapore Technologies Engineering retreated 1.40 percent, Thai Beverage gained 0.78 percent, United Overseas Bank jumped 1.11 percent, Yangzijiang Financial slumped 1.37 percent, Yangzijiang Shipbuilding surged 3.05 percent and Wilmar International, Genting Singapore, SingTel and Emperador were unchanged.
The lead from Wall Street offers little guidance as the major averages opened higher on Wednesday but faded late, allowing only the NASDAQ to finish in the green.
