Singapore stocks fall as Fed holds firm on rates; STI down 0.7%
The Straits Times
Singapore stocks ended lower on March 19 after the US Federal Reserve held interest rates steady overnight; STI down 0.7%. Read more at straitstimes.com.
SINGAPORE - Singapore stocks ended lower on March 19, as the US Federal Reserve held interest rates steady overnight.
The benchmark Straits Times Index (STI) lost 0.7 per cent or 34.56 points to finish at 4,967.61. Meanwhile, the iEdge Singapore Next 50 Index gained 1.4 per cent or 19.90 points to 1,477.66.
Sembcorp Industries led the gainers on Singapore’s blue-chip index, rising 1 per cent or six cents to $6.16.
The worst performer among STI constituents was DFI Retail Group, which fell 5.1 per cent or 24 US cents to US$4.46 after trading ex-dividend.
The three local banks ended mixed on March 19. OCBC Bank advanced 0.2 per cent or five cents to $21.50, while DBS Bank finished 0.5 per cent or 29 cents lower at $57.47, and UOB declined 0.1 per cent or five cents to $37.16.
Across the broader market, gainers trailed losers 181 to 427, after 1.9 billion securities worth $2.5 billion changed hands.
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