Banking stocks were in a sea of red, along with the bulk of the index constituents. As at 9.04am, DBS tumbled 7.4 per cent or S$1.35 to S$16.81 on a cum-dividend basis, UOB dived 8.2 per cent or S$1.55 to S$17.41 on a cum-dividend basis, while OCBC dropped 6 per cent or S$0.50 to S$7.86 on a cum-dividend basis.
Other active index counters included the Singapore Exchange which fell 7.4 per cent or S$0.64 to S$8.03 and Singtel which shed 7.9 per cent or S$0.19 to S$2.22. Singapore's Health Ministry on Saturday reported that two Covid-19 patients had died due to complications, the first deaths the Republic has seen. On Sunday, the health ministry announced it will close its borders to all short-term visitors to reduce importation of Covid-19 cases, a move which would further squeeze the aviation and tourism industries as well as the broader economy, according to economists.
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Source: BusinessTimes - 🏆 15. / 51 Read more »