The Singapore stock market on Tuesday ended the two-day winning streak in which it had gathered more than 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,225-point plateau and it may extend its losses on Wednesday.
The global forecast for the Asian markets suggests mild consolidation on growth concerns. The European and U.S markets were down and the Asian markets are predicted to open in similar fashion.
The STI finished modestly lower on Tuesday as losses from the properties, financial shares and REITs were mitigated by support from the industrials, RTTNews cited.
For the day, the index slipped 12.14 points or 0.37 percent to finish at 3,226.83 after trading between 3,214.63 and 3,233.84.
Among the actives, Ascendas REIT fell 0.36 percent, while CapitaLand Integrated Commercial Trust retreated 1.04 percent, CapitaLand Investment slid 0.32 percent, City Developments and Mapletree Logistics Trust both sank 0.59 percent, Comfort DelGro dropped 0.78 percent, DBS Group eased 0.27 percent, Keppel Corp declined 1.01 percent, Mapletree Pan Asia Commercial Trust added 0.66 percent, Mapletree Industrial Trust shed 0.43 percent, Oversea-Chinese Banking Corporation skidded 0.79 percent, SATS tumbled 1.15 percent, Seatrium Limited plummeted 1.37 percent, SembCorp Industries climbed 0.97 percent, SingTel lost 0.42 percent, Wilmar International slumped 0.81 percent, Yangzijiang Financial rallied 1.41 percent, Yangzijiang Shipbuilding jumped 1.84 percent and Genting Singapore, Emperador, Hongkong Land, Singapore Technologies Engineering, Thai Beverage, Frasers Logistics and DFI Retail Group were unchanged.
The lead from Wall Street is weak as the major averages opened lower on Tuesday and largely remained in the red throughout the session.
