Singapore shares end flat on Monday on lack of market cues

WITHOUT any developments from the US-China trade front as well as the US and UK markets being shut for holiday, regional markets lacked catalysts, with the local benchmark ending flat.

Regional indices were mixed. Australia and South Korea were unchanged, Hong Kong was lower. Meanwhile, China, Japan and Malaysia ended higher. The Shanghai Composite Index posted the strongest gains, adding 1.4 per cent on the day. Among them, Yangzijiang Shipbuilding was the benchmark index's most traded stock, with 20.6 million shares changing hands. The shipbuilder closed flat at S$1.37.

Among pennies, ISR Capital, which is on the Singapore Exchange's watchlist, was the bourse's most heavily traded counter. 84.5 million shares in the consultancy and investment management firm were traded as they gained a tick to close at 0.3 Singapore cent. The majority of the counter's trading volume came from a 66 million share purchase at 0.3 cent, shortly after the opening bell.

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