Singapore Shares Linger in Red; SIA Drops Nearly 2%
Singapore's stock market remained in the red zone on Tuesday, tracking overnight losses in the global market, with Wall Street retreating on Monday.
The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,587.41 and 3,615.16 throughout the day. It ended the session at 3,587.41, down 27.17 points or 0.75% compared to Monday's close.
In company news, shares of KEPPEL REIT were down over 2% after the REIT's distributable income from operations slipped 2.1% to SG$145.6 million in nine months ended September from SG$148.6 million a year earlier.
Totm Tech was down nearly 6% after the company re-designated Irawan Mulyadi as the group's chief executive officer.
Meanwhile, SEMBCORP INDUSTRIES LTD shares were down over 2% after its wholly owned subsidiary, Sembcorp Utilities, entered into a joint development agreement with PLN Energi Primer Indonesia for the development of a green hydrogen production facility in Sumatra, Indonesia.
Nio rose 1.6%; SingPost fell 1.8%, SIA fell 1.7%, SGX fell 1.5%, UOB fell 1.2%, OCBC fell 0.7%, DBS fell 0.5%.
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