The Singapore stock market has moved lower in consecutive trading days, slumping more than 15 points or 0.5 percent along the way. The Straits Times Index now sits just above the 3,220-point plateau and it may extend its losses on Thursday.
The global forecast for the Asian markets is soft on growth and inflation concerns. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion.
The STI finished slightly lower on Wednesday following mixed performances from the financial shares, property stocks and industrial issues, RTTNews cited.
For the day, the index dipped 3.95 points or 0.12 percent to finish at 3,222.88 after trading between 3,210.49 and 3,245.18.
Among the actives, Ascendas REIT declined 1.08 percent, while CapitaLand Integrated Commercial Trust slid 0.52 percent, CapitaLand Investment skidded 0.95 percent, City Developments shed 0.74 percent, DBS Group collected 0.21 percent, Emperador climbed 0.99 percent, Genting Singapore fell 0.56 percent, Hongkong Land jumped 1.41 percent, Keppel Corp lost 0.58 percent, Mapletree Pan Asia Commercial Trust tumbled 1.97 percent, Mapletree Industrial Trust added 0.43 percent, SATS sank 0.77 percent, Seatrium Limited plunged 2.78 percent, SembCorp Industries tanked 2.68 percent, Singapore Technologies Engineering improved 0.78 percent, SingTel eased 0.43 percent, Thai Beverage dropped 0.86 percent, Wilmar International advanced 0.82 percent, Yangzijiang Shipbuilding rallied 1.20 percent and Comfort DelGro, Oversea-Chinese Banking Corporation, Yangzijiang Financial and Mapletree Logistics Trust were unchanged.
The lead from Wall Street is negative as the major averages opened lower and remained under water throughout the trading day.
