The Singapore Exchange (SGX) moved lower in five straight sessions, slipping almost 40 points or 1.2 percent along the way. The Straits Times Index now sits just beneath the 3,230-point plateau although it may stop the bleeding on Friday.
The global forecast for the Asian markets is mixed to lower on concerns of economic slowdown. The European and U.S. markets ended mostly lower and the Asian bourses figure to follow suit.
The STI finished modestly lower on Thursday following losses from the financials and mixed performances from the properties and industrials, RTTNews reported.
For the day, the index lost 12.74 points or 0.39 percent to finish at 3,229.55 after trading between 3,219.92 and 3,247.45.
Among the actives, Ascendas REIT rose 0.35 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, CapitaLand Investment skidded 1.06 percent, Comfort DelGro dropped 0.83 percent, DBS Group retreated 1.64 percent, Genting Singapore spiked 1.82 percent, Hongkong Land lost 0.23 percent, Keppel Corp perked 0.16 percent, Mapletree Pan Asia Commercial Trust rallied 0.59 percent, Mapletree Logistics Trust climbed 0.58 percent, Oversea-Chinese Banking Corporation fell 0.16 percent, SATS jumped 0.75 percent, SembCorp Industries tumbled 1.72 percent, Singapore Technologies Engineering advanced 0.55 percent, SingTel gained 0.39 percent, Thai Beverage plunged 2.44 percent, United Overseas Bank sank 0.50 percent, Wilmar International improved 0.51 percent, Yangzijiang Financial plummeted 2.74 percent and Yangzijiang Shipbuilding, Emperador, Mapletree Industrial Trust and City Developments were unchanged.
The lead from Wall Street is uninspired as the major averages opened lower on Thursday and only the NASDAQ was able to peek slightly into the green by the end of the session.
