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

Written by Reuters   
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.

Quote this article on your site

To create link towards this article on your website,
copy and paste the text below in your page.




Preview :


Last Updated on Friday, 15 February 2013 16:21