Singapore stocks fall, in line with regional bourses; STI down 2.2%

Singapore stocks ended lower on March 23, mirroring regional peers, with the Straits Times Index (STI) losing 2.2%. Read more at straitstimes.com.

SINGAPORE - Singapore stocks ended lower on March 23, mirroring regional peers.

The benchmark Straits Times Index (STI) lost 2.2 per cent or 107.57 points to finish at 4,841.30. Meanwhile, the iEdge Singapore Next 50 Index gained 0.1 per cent or 1.2 points to 1,465.98.

Within the iEdge Singapore Next 50 Index, Frencken Group was the biggest decliner, falling 7.2 per cent or 15 cents to finish at $1.93. There were no gainers on the index on March 23.

Across the broader market, gainers trailed losers 144 to 554, after 2.1 billion securities worth $2.8 billion changed hands.

Key regional indexes were negative. Hong Kong’s Hang Seng Index lost 3.5 per cent, Japan’s Nikkei 225 index fell 3.5 per cent and South Korea’s Kospi was down 6.5 per cent.

Sembcorp Industries was the only gainer on Singapore’s blue-chip index, rising 2.6 per cent or 16 cents to end at $6.31.