Off the wire
• FM: Japan has no rights to comment irresponsibly on S. China Sea issue  • Two Inner Mongolia officials under investigation  • Major news items in leading German newspapers  • 1st LD: 17 killed in suicide bombing in Iraq's Baghdad  • China to conduct random checks across securities, futures sectors  • Weather information for Asia-Pacific cities  • Monchengladbach promote Andre Schubert as head coach  • Urgent: 17 killed in suicide bombing at funeral in Iraq's Baghdad  • China increases borrowing requirements to reduce stock market leverage  • China eyes stronger consumer services to promote consumption  
You are here: 　 Home

Roundup: Singapore stocks end down 1.13 pct

Xinhua, November 13, 2015 Adjust font size:

Singapore shares closed 1.13 percent lower on Friday as the overnight fall in U.S. stocks weighed on market sentiment.

U.S. stocks fell sharply on Thursday after Stanley Fischer, the vice-chairman of Federal Reserve, said U.S. inflation should rebound next year, suggesting that the central bank could move in December to raise interest rates.

New York Federal Reserve President William Dudley also said the risk of waiting too long was now roughly in balance with the risk of moving too soon to normalize interest rates. Analysts in the U.S. now are pricing in a roughly 70 percent chance of a rate hike next month.

Singapore's benchmark Straits Times Index dropped 33.33 points to 2,925.68 points. Trading volume was 1.38 billion shares worth 1.1 billion Singapore dollars. Decliners outnumbered advancers 291 to 119, while 522 stocks did not move.

Among top actives, Genting Singapore sank 4.3 percent to 78 Singapore cents. The casino operator reported its third quarter net profit fell 62 percent on-year to 37.2 million Singapore dollars, with revenue also falling 1 percent on-year to 636.1 million Singapore dollars. It said "with the continued uncertainty of China's economic strength and environment, and its effect on the regional Association of Southeast Asian Nations economy, we continue to be cautious with our VIP premium business."

Noble Group plunged 11 percent to 44.5 Singapore cents. The commodity trading firm reported its net profit fell 84 percent in the third quarter due to losses in its metals and mining segment, as well as in its agricultural associate Noble Agri. It also announced that its chief financial officer, Robert van der Zalm, had stepped down due to health reasons, and will take on the role of vice-chairman of finance.

Among top gainers, Great Eastern Holdings rose 0.2 percent to 21.45 Singapore dollars, while Jardine Matheson became one of the top losers by falling 2.6 percent to 50.15 U.S. dollars. (1 U.S. dollar equals to 1.42 Singapore dollars) Endit