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Singapore stocks tumble amid Wall Street rout, STI down 1.22%

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SINGAPORE shares sank on Thursday, tracking the Wall Street rout overnight amid fears of a second wave of the coronavirus, stalled US stimulus talks and an increasingly contentious US presidential election campaign. Read more at The Business Times.

The Singapore Exchange was the only counter on the blue-chip index that ended in the black. Shares of SGX gained 0.7 per cent or S$0.06 to S$9.04.

Singtel, on the other hand, failed to sustain yesterday's gains and fell to the bottom of the table. The counter dropped 3.6 per cent or S$0.08 to S$2.12. It remained the most heavily traded STI stock with over 35.9 million shares changing hands. Other active counter include Genting Singapore, which fell 1.5 per cent or S$0.01 to S$0.67, and ComfortDelGro, which shed 2.7 per cent or S$0.04 to S$1.42.

Also heavily traded was Wilmar International. Shares of the agri-food giant fell 0.5 per cent or S$0.02 to S$4.36. Wilmar said in a bourse filing on Thursday that the proposed listing of its China unit is expected to raise 13.9 billion yuan . The STI's performance was in line with regional bourses that were spooked by Wall Street's sell-off. Hong Kong, Shanghai, and Tokyo were all down more than 1 per cent; Seoul slipped 2.6 per cent. Bucking the trend was Malaysia's KLCI, which ended the day up 0.3 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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