Singapore shares end flat on Tuesday on profit-taking, growth concerns

SINGAPORE equities got the week off to a flying start following a surprise outcome from the Osaka meeting between the US and China. But Monday's gains were followed by Tuesday's flat session.

It was a mixed bag across the Asia-Pacific. Markets in Australia, Hong Kong, Japan and Malaysia closed higher. Meanwhile, China and South Korea ended lower.The Hang Seng Index resumed trading on Tuesday and closed at 28,875.56, up 332.94 points or 1.2 per cent, playing catch-up on the global rally while it was away for the observance of the Special Administrative Region Establishment Day.

In Singapore, trading volume clocked in at 1.05 billion securities, 88 per cent of the daily average in the first five months of 2019. Total turnover came to S$973.56 million, 93 per cent of the January-to-May daily average. The local banks closed lower. DBS Group Holdings edged down S$0.10 or 0.4 per cent to S$26.50, OCBC Bank was S$0.05 or 0.4 per cent down at S$11.54 while United Overseas Bank finished at S$26.55, down S$0.06 or 0.2 per cent.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore shares open slightly higher on Tuesday; STI up 0.01% to 3,372.48SINGAPORE shares opened slightly higher on Tuesday, with the Straits Times Index gaining 0.22 point, or 0.01 per cent to 3,372.48 as at 9.03am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks: STI resumes Tuesday trading at 3,357.57, down 0.4% on daySINGAPORE stocks resumed trading in negative territory on Tuesday, with the Straits Times Index slipping 14.69 points or 0.4 per cent to 3,357.57 as at 1.04pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Australia: Shares gain on US-China ceasefire and RBA cut hopes; NZ flat[BENGALURU] Australian shares started the week higher as a US-China trade ceasefire prompted risk-on buying, while the possibility of a local interest rate cut also lent support to equities. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Malaysia: Shares open higher on TuesdayMALAYSIA share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.74 points to 1,685.36 at 9.01am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »