The Singapore stock market has moved lower in five straight sessions, sinking almost 125 points or 4 percent along the way. The Straits Times Index now rests just beneath the 3,200-point plateau and it may take further damage again on Friday.
The global forecast for the Asian markets remains soft on concerns over the outlook for interest rates. The European and U.S. markets were down and the Asian bourses figure to follow that lead, RTTNews cited.
The STI finished modestly lower again on Thursday following losses from the financial shares, property stocks and industrial issues.
For the day, the index sank 16.83 points or 0.52 percent to finish at 3,196.75 after trading between 3,182.54 and 3,205.86.
Among the actives, Ascendas REIT climbed 0.74 percent, while Comfort DelGro skidded 0.78 percent, DBS Group retreated 1.00 percent, Emperador tumbled 1.92 percent, Genting Singapore shed 0.54 percent, Hongkong Land sank 0.55 percent, Keppel Corp slumped 0.87 percent, Mapletree Pan Asia Commercial Trust dropped 0.65 percent, Mapletree Logistics Trust improved 0.61 percent, Oversea-Chinese Banking Corporation lost 0.49 percent, SATS added 0.39 percent, Seatrium Limited rallied 1.49 percent, SembCorp Industries declined 1.59 percent, Singapore Technologies Engineering rose 0.26 percent, SingTel fell 0.42 percent, Thai Beverage stumbled 1.74 percent, Wilmar International gained 0.28 percent, Yangzijiang Shipbuilding advanced 0.58 percent and Yangzijiang Financial, CapitaLand Integrated Commercial Trust, CapitaLand Investment, City Developments, Mapletree Industrial Trust and Frasers Logistics were unchanged.
The lead from Wall Street is negative as the major averages opened higher on Thursday but quickly turned lower and finished near session lows.
