Singapore shares ended slightly lower on Oct 31, as investors locked in profits ahead of upcoming economic data and corporate earnings, tempering the upbeat momentum seen in global markets.
The Straits Times Index (STI) slipped 0.2% to close at 4,428.62, with losses in heavyweight bank and property counters outweighing modest gains in selected tech and growth stocks.
Trading volumes were steady but sentiment appeared cautious, with decliners outpacing advancers across the board, a sign of risk aversion creeping in after a recent rally.
Market watchers said the pullback was more of a breather than a reversal, with investors awaiting fresh catalysts from regional data and policy signals.
Looking ahead, investors will be watching Singapore’s industrial production figures and China’s PMI data for direction, as well as earnings from major locally listed fir
