THE local market returned from Wednesday's break trading moderately lower as trade tensions and growth worries continued to put a dent on sentiment.
Shortly after the afternoon session commenced, volume on the Singapore bourse clocked in at 630.5 million securities traded and a total turnover of S$707.6 million. Volume and turnover were on track to hit their respective averages over the first four months of the year. The local banks returned from the midweek break lower. DBS Group Holdings was S$0.15 or 0.6 per cent lower at S$24.12, OCBC Bank dropped S$0.06 or 0.6 per cent to S$10.57 and United Overseas Bank traded at S$23.95, down S$0.05 or 0.2 per cent.
Oil prices have rebounded slightly after continuing its slide in a bear market. CMC Markets' analyst Margaret Yang noted that Brent oil is"in a deep correction phase" and is showing signs of being temporarily oversold, with a possible technical rebound in the near term.With investors still looking for clarity over economic outlook and trade issues, regional markets were mixed.
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Source: BusinessTimes - 🏆 15. / 51 Read more »
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Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore stocks: STI resumes Thursday afternoon at 3,138.46, down 0.8% on daySINGAPORE stocks resumed trading in the negative territory on Thursday afternoon, following a weak lead from Wall Street overnight, and as Beijing ratcheted its rhetoric against Washington, amid a bitter trade war that is showing no signs of ending anytime soon. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
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Source: BusinessTimes - 🏆 15. / 51 Read more »