Singaporean Stocks Decline 0.6%

Dow Jones
Aug 12

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Singapore slipped Wednesday, as the FTSE Straits Times Index declined 0.6% to 5720.75.

Among local companies with a market cap of at least 1 billion Singapore dollars ($781.6 million), Yangzijiang Maritime Devt was the biggest laggard, plunging 8.5%, followed by shares of Jardine Cycle & Carriage, which declined 1.9%. Shares of Thomson Medical Group declined 1.9%.

UOB-Kay Hian Holdings was the biggest leader during the session, surging 6.2%, and Ultragreen.AI jumped 5.6%. BRC Asia rounded out the top three movers, as shares gained 3.7%.

On the currency front, the WSJ Dollar Index held steady at 96.14. The U.S. dollar held steady against the Singapore dollar at S$1.28.

In the bond markets, the 10-year Singaporean government bond yield fell 2.5 basis points to 2.295%.

Data source: Dow Jones Market Data, FactSet

 

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