Singapore stocks end week in red amid regional slump
Singapore shares ended the week in red, tracking regional losses in Asia-Pacific markets on Friday (Nov 10).
Stocks sank across the region after United States Federal Reserve chairman Jerome Powell warned on Thursday that he “will not hesitate” to hike interest rates further in his quest to bring inflation to heel.
Across the broader market, losers outnumbered gainers 356 to 233, with one billion securities worth S$816.4 million changing hands.
Constituents within the STI were mostly in the red. Real estate investment manager $CapitaLandInvest(9CI.SG$ was the largest decliner, falling 3 per cent, or S$0.09, to close at S$2.94.
Other constituents that fell include property developer $HongkongLand USD(H78.SG$ which slipped 2.7 per cent, or US$0.09, to US$3.23. Shares of $DFIRG USD(D01.SG$ also slipped 2.1 per cent, or US$0.05, to US$2.30.
The biggest gainer on the STI was spirits company $Emperador Inc(EMI.SG$ which rose 2 per cent, or S$0.01, to S$0.51.
Shares of $海庭(S51.SG$ were the most actively traded by volume, with 146.5 million shares worth S$15.8 million changing hands.
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