Singapore stocks edged lower on the 12th for the first time in 3 trading days, with the ST Index ending at 5282.70, down 0.13% from the previous day. In addition to a risk-off stance among investors, selling in real estate stocks weighed on the market.
Singapore stocks edged lower on the 12th for the first time in 3 trading days, with the benchmark ST Index closing at 5282.70, down 0.13% from the previous day. Market commentary attributed the decline during the day to investors adopting a more risk-averse stance in response to falls in Asian stocks, including those in Japan and South Korea.
13 of the 30 stocks comprising the ST Index fell. Selling in real estate stocks was also cited as a factor weighing on the market, with selling particularly notable in some stocks.