Gainers beat decliners 273 to 205 across the broader market, with 982.2 million of securities valued at S$1.2 billion changing hands
[SINGAPORE] The Straits Times Index (STI) finished at 3,882.55 points, a mere 0.05 point higher on Wednesday (May 21), amid a mixed regional showing and after overnight declines on Wall Street as investors took profit.
While the blue-chip barometer remained static, the Singapore broader market logged more gainers than decliners at 273 to 205, with 982.2 million securities valued at S$1.2 billion transacted.
Shares of Singapore Airlines’ maintenance, repair and overhaul arm, SIA Engineering, reached a 52-week high of S$2.55, up 4.5 per cent or S$0.11, a day after it announced that it had signed fresh agreements worth S$1.3 billion to provide services for the full-service carrier and its budget airline Scoot.
Bukit Sembawang shares hit their highest in 52 weeks as well, rising S$0.12 or 3.2 per cent to S$3.89. This came despite the lack of any announcements from the property player that could have accounted for its share price performance.
The banking trio had a mixed showing. DBS was down S$0.25 or 0.6 per cent at S$44.13, while OCBC and UOB were unchanged at S$16.21 and S$35.40, respectively.
Elsewhere in Asia, Malaysia and Japan’s key indices closed lower – FTSE Bursa KLCI dipped 0.3 per cent and the Nikkei 225 was down 0.6 per cent, in contrast to other major regional indices such as South Korea’s Kospi, which rose 0.9 per cent as one of the top performers.
The Nasdaq Composite Index and S&P 500 both slid 0.4 per cent overnight, and the Dow Jones Industrial Average ended 0.3 per cent lower.
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