Vilianty
2021-12-13
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Singapore stocks kick off week in the red, STI down 0.5%
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore stocks kick off week in the red, STI down 0.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-13 18:21 GMT+8 <a href=https://www.businesstimes.com.sg/stocks/singapore-stocks-kick-off-week-in-the-red-sti-down-05><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LOCAL shares began the week on a slightly dour note, as traders remained cautious on the usual topics such as the new Omicron virus variant and impending tapering decisions by the Federal Reserve.\nThe...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-stocks-kick-off-week-in-the-red-sti-down-05\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/singapore-stocks-kick-off-week-in-the-red-sti-down-05","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149966115","content_text":"LOCAL shares began the week on a slightly dour note, as traders remained cautious on the usual topics such as the new Omicron virus variant and impending tapering decisions by the Federal Reserve.\nThe benchmark Straits Times Index fell 0.5 per cent or 15.66 points to cap Monday at 3,119.95. Across the broader market, decliners outpaced advancers 253 to 202, after some 1.7 billion securities worth S$848.3 million changed hands.\nVishnu Varathan, head of economics & strategy at Mizuho Bank, said it is not difficult to notice a \"glaring divergence\" between the two economic powerhouses - China and the US - in their attempts to shake off the Covid-19 pandemic.\nHe noted that the US is \"primed for a hawkish turn\" at the upcoming Federal Open Market Committee meeting, while China has just signalled an \"unequivocal pipeline policy easing\".\nOn the local bourse, trading firm Intraco was the top gainer, after the company announced that it had entered into a binding heads of agreement with Messrs Mark Carnegie and Sergei Sergienko for a 51 per cent stake in MHC Digital Co.\nIntraco will fork out S$10 million in cash and issue 100 million new shares at an issue price of S$0.50 apiece, which it termed to be at a \"significant premium\" to Intraco's current share price. Shares of Intraco closed on Monday at S$0.445, up 85.4 per cent or S$0.205.\nOn the other end of the spectrum, Jardine Matheson Holdings was the biggest loser. The counter closed at US$55.40, down 1.4 per cent or US$0.76.\nThe trio of local lenders were also among the decliners on Monday. UOB fell 0.9 per cent or S$0.23 to S$26.55; DBS fell 0.2 per cent or S$0.06 to S$31.84, and OCBC shed 0.4 per cent or S$0.05 to S$11.30.\nDigital security firm Disa Limited was the most heavily traded counter for the day, with some 578.2 million shares changing hands. The counter ended the day at S$0.005, down 16.7 per cent or S$0.001.\nOther heavily traded counters included Oceanus, Metech International and QT Vascular.\nAcross the region, markets ended the day mixed. The Nikkei added 0.7 per cent; the KLCI rose 0.4 per cent and the Jakarta Composite Index gained 0.2 per cent. 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