Home THE DAILY EDGE Business STI was down 0.3% at 3282.19 by midday
STI was down 0.3% at 3282.19 by midday PDF

Tags: Genting Singapore Plc | Noble Group | Oversea-Chinese Banking Corp | Singapore Telecommunications | STX OSV Holdings | United Overseas Bank Holdings

Friday, 15 February 2013 15:36
smaller text tool iconmedium text tool iconlarger text tool icon

Singapore shares fell for a second session, led by a decline in banking and telecommunications shares, after weaker-than-expected euro zone growth data soured investor sentiment.

The Straits Times Index was down 0.3% at 3282.19. The MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1% higher.

Property developer Hongkong Land Holdings was one of the biggest losers on the index, falling as much as 2.25%to $7.81.

Banking shares also led the decline, with Oversea-Chinese Banking Corp dropping as much as 1.4% after reporting fourth-quarter results. United Overseas Bank Holdings was down 0.15% at $19.34.

Singapore Telecommunications shares extended losses and slid as much as 1.4% to $3.45 after posting weaker-than-expected third-quarter earnings. (nL4N0BE16D)

Other decliners include Genting Singapore Plc and Noble Group, which fell 1.6% and 0.4%, respectively.

However, shares of offshore vessel builder STX OSV Holdings outperformed the market and jumped 2.8% to $1.28 after it secured third consecutive contract win for the design and construction of one offshore subsea construction vessel. About 10.1 million shares changed hands, 1.5 times the average full-day volume over the past 30 days.

Last Updated on Friday, 15 February 2013 16:21