Little Change Seen For Singapore Shares

Singapore shares ended Wednesday (Sep 20) little changed, after paring losses during the day. The Straits Times Index inched up 0.04 per cent, or 1.25 points, to 3,242 points at the closing bell.

Across the broader market, decliners beat gainers 259 to 250. Some 1.2 billion securities with a total value of S$762.2 million were transacted.

In contrast, key indices in the region were mostly a sea of red, The Business times reported.

After its meeting this week, the US Federal Reserve will release a summary of economic projections together with its decision on policy rates.

Peggy Mak, research manager at Phillip Securities Research, said the market remains on edge with the impending Fed rate decision, and will be scrutinising the central bank’s statement for signs of weakness in the United States economy.

ST Engineering : S63 +0.52%’s share price rose by 0.5 per cent or S$0.02 to end the day at S$3.87. The company’s aerospace segment does not perform work on Pratt & Whitney (P&W) engines, and could stand to gain if industry demand switches to other engine types due to concerns over P&W engine flaws, said Mak.

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Mainboard-listed nanotechnology solutions provider Nanofilm Technologies : MZH -1.01%’ share price slipped under S$1 this week. The counter closed down 1 per cent or S$0.01 at S$0.985 on Wednesday.

Seatrium : S51 0%, formerly Sembcorp Marine, was the most actively traded counter, with a transacted volume of 237.5 million shares. Shares of the maritime and new energy engineering solutions provider closed flat at S$0.136.

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