Off the wire
• Chinese banks face more risk amid volatility: Moody's  • Israeli woman dies of wounds from Palestinian attack in West Bank  • Thousands mourn victims of terrorist attacks in Burkina Faso  • 1st LD: 13 Indonesian illegal immigrants drown in Malaysian waters  • Republic of Congo's president endorsed as ruling party's candidate  • Colombia hails UN decision to monitor peace process  • China's dependency on foreign oil exceeds 60 percent: report  • 2nd LD Writethru: 10 Taliban militants killed in Afghan forces' operation in northern province  • India looks to deepen economic, commercial ties with Sri Lanka  • Teenage curler aims high at Chinese National Winter Games  
You are here: 　 Home

Roundup: Singapore stocks end down 1.43 pct

Xinhua, January 26, 2016 Adjust font size:

Singapore shares closed 1.43 percent lower on Tuesday, after overnight fall in U.S. markets and oil prices kept investors on the sideline.

U.S. stocks fell on Monday, led by the energy sector as oil price pulled back from their recent rebound. DBS Group Research said "focus continues to be on the mid week U.S. Federal Reserve's meeting. Ahead of this, we see just moderate downside for the Dow Jones Industrial Average with immediate support at 15,790 points."

Meanwhile, the Shanghai Composite Index is down 6.42 percent to 2,749.79 points, past the last low on late August last year. Chinese stocks are now trading at levels last seen in November 2014.

Singapore's benchmark Straits Times Index fell 37.03 points to 2,545.61 points. Trading volume was merely 758 million shares worth 991 million Singapore dollars. Decliners outnumbered advancers 281 to 118, while 525 stocks did not move.

IHH Healthcare Berhad fell 2.3 percent to 2.09 Singapore dollars. It announced that it has broken ground for a 70 million U.S. dollars, 250-bed hospital in Yangon, Myanmar. This will be the IHH's first foray into Myanmar. The hospital project is under development and will be operated by a joint venture consortium Andaman Alliance Healthcare Limited in which IHH's wholly-owned subsidiary, Parkway Healthcare Indo-China Private Limited, holds 52 percent stake.

SMRT Corporation rose 2.9 percent to 1.42 Singapore dollars. The Singapore public transport operator reports a 63 percent rise in its fiscal third quarter net profit to 36.9 million Singapore dollars from 22.5 million Singapore dollars the previous year. Its revenue rose 4.6 percent year-over-year to 327.6 million Singapore dollars, helped by a slower rise in costs and gains from other operating income.

Among the top gainers, Jardine Cycle and Carriage rose 1.2 percent to 34.89 Singapore dollars, whereas UOB became one of the top losers by falling 0.7 percent to 17.47 Singapore dollars. (1 U.S. dollar equals to 1.43 Singapore dollars) Endit