The Singapore stock market on Tuesday ended the three-day winning streak in which it had picked up more than 30 points or 1 percent. The Straits Times Index now sits just shy of the 3,140-point plateau although it’s expected to bounce higher again on Wednesday.
The global forecast for the Asian markets suggests mild upside on strength from technology shares and optimism over the outlook for interest rates. The European markets were mixed and flat and the U.S. bourses were up and the Asian markets figure to split the difference.
The STI finished barely lower on Tuesday following gains from the industrials, losses from the financials and a mixed bag from the properties, RTTnews cited.
For the day, the index dipped 0.34 points or 0.01 percent to finish at 3,139.98 after trading between 3,132.14 and 3,147.11.
Among the actives, Ascendas REIT skidded 0.34 percent, while CapitaLand Investment climbed 0.67 percent, City Developments gathered 0.16 percent, DBS Group dropped 0.31 percent, Emperador spiked 0.96 percent, Genting Singapore advanced 0.52 percent, Hongkong Land declined 0.59 percent, Keppel Corp perked 0.14 percent, Mapletree Pan Asia Commercial Trust retreated 0.66 percent, Mapletree Industrial Trust added 0.41 percent, Oversea-Chinese Banking Corporation eased 0.08 percent, SATS gained 0.37 percent, Seatrium Limited jumped 0.89 percent, SembCorp Industries rose 0.20 percent, Singapore Technologies Engineering sank 0.26 percent, SingTel slumped 0.41 percent, Thai Beverage soared 1.00 percent, Yangzijiang Financial tumbled 1.56 percent, Yangzijiang Shipbuilding surged 1.38 percent and Comfort DelGro, CapitaLand Integrated Commercial Trust, Mapletree Logistics Trust and Wilmar International were unchanged.
The lead from Wall Street upbeat as the major averages opened modestly higher on Tuesday and continued to tick higher as the day progressed.
