Singapore Market falls 0.77%

The Singapore stock market finished session lower on Wednesday, 03 April 2024, amid a global risk-off sentiment after strong US economic data sparked a rise in bond yields as interest rate cut hopes faded. Meanwhile, powerful earthquake in Asia also raised concerns about possible disruptions to the vital chip-making industry, denting sentiment in stock markets.

At closing bell, the Straits Times Index (STI) index was down 25.06 points, or 0.77% to 3,222.66 after trading between 3,209.43 and 3,233.91. Volume of 1.68 billion shares worth S$1.12 billion changed hands. Across the broader market, decliners outpaced advancers 293 to 235.

Seatrium was the top constituent gainer for the day, rising 1.2% to S$0.085. DFI Retail Group was the top decliner on the STI for the day, down 5.4% to S$2.10.

 

Banking stocks ended the day lower. DBS Group Holdings fell 0.34% to S$36.09 and Oversea-Chinese Banking Corp decreased by 0.29% at S$13.60. United Overseas Bank was down 0.44% at S$29.53.

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