Ascendas Reit shed S$0.08 or 2.4 per cent to S$3.20 on 3.7 million units traded, while Yangzijiang Shipbuilding lost 3.5 Singapore cents or 3.5 per cent to 97.5 cents on six million shares traded.
The most heavily traded by volume was Golden Agri-Resources, which sank 0.5 Singapore cent or 2.4 per cent to 20.5 cents after 14.9 million shares changed hands. CapitaLand shed S$0.04 or 1.1 per cent to S$3.68. Earlier in the day, the real estate giant had posted stellar results for its latest quarter, with net profitCity Developments Limited tumbled S$0.22 or 2.1 per cent to S$10.44 as at 9.04am. The property and hotels groupfor its fourth quarter, according to results released on Wednesday morning.
In the US, major US indices started Tuesday’s session higher but quickly reversed course after American health authorities urged local governments, businesses and schools to develop contingency plans for an expected larger virus outbreak in the country.
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US: Stocks join global rout on virus, Dow ends -3.6%US: Stocks join global rout on virus, Dow ends -3.6%
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