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Tue, September 22, 2020-9: 38 am
Shares in SINGAPORE continued their slide on Tuesday following a regional defeat on Monday driven in large part by pockets of Covid-19 resurgence around the world, particularly in Europe and the UK.
The benchmark Straits Times Index (STI) lost about 0.3 percent or 7.18 points to 2,478.53 at 9.04 a.m. M.
Winners and losers were evenly matched after 43 million securities worth S $ 66.1 million changed hands.
Among the most active stocks by volume was Singapore Telecommunications, which lost 0.9 percent or S $ 0.02 to S $ 2.19 as of 9:05 am, with 2.4 million shares traded.
ComfortDelGro Corporation was also heavily traded, which lost 0.7 percent or S $ 0.01 to S $ 1.45, with 1.5 million shares traded.
Yangzijiang Shipbuilding gained 1.5 percent or 1.5 Singapore cents to 99.5 cents, with one million shares changing hands.
Singaporean banks posted mixed results Tuesday morning. DBS fell 1 percent or $ 0.19 to $ 19.80. OCBC rose 0.1% or S $ 0.01 to S $ 8.48, while the UOB fell 0.6% or S $ 0.11 to S $ 19.09.
The trio is increasingly using data to personalize personal finances, The Business Times reported Tuesday. Separately, according to leaked files from the US Financial Crimes Enforcement Network, DBS was one of Singapore’s banks that handled around $ 4.5 billion in suspicious transactions between 2000 and 2017.
Other index counters active at Tuesday’s open included the Singapore Stock Exchange, which lost 0.6 percent or S $ 0.05 to S $ 8.85.
Wilmar International gained 0.5 percent or S $ 0.02 to S $ 4.37.
Keppel Corporation fell 0.2 percent or S $ 0.01 to S $ 4.18. The conglomerate said Tuesday that its offshore and marine arm has closed two contracts worth a combined S $ 200 million.
In the US, Wall Street stocks fell for a third straight session on Monday, as concerns about the latest coronavirus surge and declining odds of another US stimulus bill weighed on stocks.
In Europe, the FTSE 100 marked its worst day in more than three months on Monday as HSBC and Standard Chartered slipped on reports that banks were among those moving allegedly illicit funds, while travel stocks plummeted by fear of more coronavirus-related lockdowns.
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