The Singapore stock market has moved lower in three straight sessions, stumbling almost 25 points or 0.7 percent along the way. The Straits Times Index now sits just above the 3,060-point plateau and it’s expected to open under pressure again on Monday.
The global forecast for the Asian markets is soft on weak earnings and slightly higher inflation. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to split the difference.
The STI finished modestly lower again on Friday following mixed performances from the financial shares, property stocks and industrial issues, RTTNews reported.
For the day, the index shed 9.46 points or 0.31 percent to finish at 3,061.85 after trading between 3,058.14 and 3,079.80.
Among the actives, Ascendas REIT gained 0.40 percent, while CapitaLand Integrated Commercial Trust soared 1.75 percent, CapitaLand Investment plunged 1.37 percent, City Developments spiked 1.63 percent, Comfort DelGro slumped 0.76 percent, DBS Group eased 0.03 percent, Genting Singapore dropped 0.57 percent, Hongkong Land climbed 0.96 percent, Mapletree Pan Asia Commercial Trust added 0.77 percent, Oversea-Chinese Banking Corporation skidded 0.70 percent, SATS tumbled 1.22 percent, Seatrium Limited declined 0.88 percent, SembCorp Industries fell 0.22 percent, Singapore Technologies Engineering rose 0.27 percent, SingTel retreated 0.84 percent, Thai Beverage advanced 0.94 percent, Wilmar International rallied 1.44 percent, Yangzijiang Financial surged 3.39 percent, Yangzijiang Shipbuilding sank 0.68 percent and Mapletree Industrial Trust, Mapletree Logistics Trust, Emperador and Keppel Corp were unchanged.
The lead from Wall Street offers little clarity as the major averages opened mixed on Friday and finished the same way.
