Singapore stocks slip as oil volatility weighs; STI down 0.4%
The Straits Times
The iEdge Singapore Next 50 Index declines 0.9% to 1,464.78. Read more at straitstimes.com.
SINGAPORE - Singapore stocks ended lower on March 20, as the Iranian conflict continued for a third week and oil markets remained under pressure.
The benchmark Straits Times Index (STI) fell 0.4 per cent or 18.74 points to 4,948.87. The iEdge Singapore Next 50 Index declined 0.9 per cent or 12.88 points to 1,464.78.
The three local banks ended mixed on March 20. UOB rose 0.1 per cent to $37.18, while DBS fell 0.1 per cent to $57.40 and OCBC declined 0.6 per cent to $21.37.
Within the iEdge Singapore Next 50 Index, Centurion Accommodation Reit was the top gainer, rising 6.4 per cent to $1.17, while Banyan Tree was the biggest decliner, falling 5.8 per cent to $0.57.
Across the broader market, losers edged out gainers 297 to 295, with 1.9 billion securities worth $3.1 billion traded.
Venture Corporation led gains among STI constituents, rising 1.3 per cent to close at $15.95.
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The iEdge Singapore Next 50 Index is up 0.9% at 1,457.76. Read more at straitstimes.com.
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