Singapore shares closed lower on Tuesday, mirroring a trend seen across most regional markets. The Straits Times Index (STI) fell 0.5 percent or 16.51 points to 3,192.35, with losers outnumbering gainers 364 to 235 across the broader market. Securities worth S$909.1 million changed hands, totaling 1.3 billion.
Among the STI constituents, Frasers Logistics & Commercial Trust emerged as the biggest winner, gaining 0.9 percent or S$0.01 to end the day at S$1.07. The real estate investment trust announced that it will release its full-year results for the period ending September 30 on November 2.
Meanwhile, Sembcorp Industries was the top loser for the day, reversing Monday's gains to fall by 4.6 percent or S$0.24 to S$4.93. Property developer Hongkong Land also ended in the red, with its shares falling by 3.6 per cent or US$0.13 to US$3.45.
Local banks mostly retreated on Tuesday as well, with DBS Bank falling by 0.2 percent or S$0.06 to S$33.53 and UOB declining by 0.3 percent or S$0.07 to S$28.27. OCBC Bank's shares remained flat at S$12.80.
Regional markets largely followed suit with Hong Kong’s Hang Seng Index losing 2.7 percent after returning from a holiday, and Japan’s Nikkei 225 shedding 1.6 percent. The FTSE Bursa Malaysia KLCI edged up slightly by 0.1 percent while Australia's S&P/ASX 200 lost 1.3 percent after the country’s central bank held rates at 4.1 percent.
Barclays (LON: BARC ) analysts expect the Reserve Bank of Australia to hike rates once more in November, following another quarterly inflation print and an updated set of forecasts. South Korean and Chinese markets remained closed for the holidays.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.