Singapore stocks: STI resumes Wednesday afternoon down 0.64% on day

SINGAPORE stocks resumed trading on Wednesday afternoon weaker, with the Straits Times Index down 0.64 per cent or 20.88 points to 3,246.92 on the day as at 1.04pm, as Asian markets continued to tread in negative territory.

On the Singapore bourse, decliners outnumbered advancers 206 to 131, after about 857.6 million securities worth S$509.7 million changed hands. Among the most heavily traded by volume, Jiutian Chemical was up 5.9 per cent, or 0.1 Singapore cent to 1.8 cents, with 37.3 million shares traded, while Rex International lost 1.6 per cent, or 0.3 Singapore cent to 18.6 cents, with 25.2 million shares traded.

Banking stocks also faltered by the afternoon trade - DBS dipped 0.7 per cent, or 18 Singapore cents to S$26.55 on a cum dividend basis, UOB lost 0.8 per cent, or 21 cents to S$26.81, and OCBC slipped 0.7 per cent, or eight cents to S$11.09.Other active securities included Singtel which fell 1.8 per cent or six Singapore cents to S$3.29, and Wilmar International which was up 3.1 per cent, or 12 cents to S$3.97.

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