The Singapore stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had picked up more than 80 points or 2.5 percent. The Straits Times Index now rests just beneath the 3,280-point plateau and it’s expected to see little movement again on Monday.
The global forecast for the Asian markets is mixed and flat ahead of this week’s rate decision from the FOMC. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow that lead, RTTNews cited.
The STI finished slightly higher following gains from the financials, weakness from the industrials and a mixed picture from the property sector.
For the day, the index perked 3.92 points or 0.12 percent to finish at the daily high of 3,278.30 after moving as low as 3,265.57.
Among the actives, Ascendas REIT gathered 0.36 percent, while CapitaLand Integrated Commercial Trust skidded 1.00 percent, CapitaLand Investment clumped 1.17 percent, City Developments gained 0.43 percent, Comfort DelGro advanced 0.81 percent, DBS Group added 0.58 percent, Emperador dropped 0.98 percent, Genting Singapore tanked 1.58 percent, Hongkong Land sank 0.80 percent, Keppel Corp plunged 2.44 percent, Mapletree Pan Asia Commercial Trust shed 0.60 percent, Mapletree Logistics Trust lost 0.59 percent, Oversea-Chinese Banking Corporation collected 0.40 percent, SATS rose 0.37 percent, Seatrium Limited declined 1.36 percent, SembCorp Industries perked 0.18 percent, Singapore Technologies Engineering climbed 0.82 percent, SingTel rallied 1.17 percent, Thai Beverage jumped 1.71 percent, Wilmar International tumbled 1.57 percent, Yangzijiang Shipbuilding retreated 1.43 percent and Mapletree Industrial Trust, Yangzijiang Financial and Frasers Logistics were unchanged.
The lead from Wall Street offers little guidance as the major averages opened higher on Friday but faded as the day progressed, ending mixed and little changed.
The Dow added 2.49 points or 0.01 percent to finish at 35,227.69, while the NASDAQ lost 30.49 points or 0.22 percent to close at 14,032.81 and the S&P 500 rose 1.47 points or 0.03 percent to end at 4,536.34.
