Continue reading this on our app for a better experience

Open in App
Home Capital STI watch

STI down 0.49% to 2,841.94 on waning optimism

Thiveyen Kathirrasan and Felicia Tan
Thiveyen Kathirrasan and Felicia Tan • 1 min read
STI down 0.49% to 2,841.94 on waning optimism
Week-on-week (w-o-w), the STI dipped 0.24% from last week’s 2,848.78.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The benchmark Straits Times Index (STI) was down 13.88 points or 0.49% to 2,841.94 as at 12.48pm on Nov 30 amid waning optimism from the week before.

Week-on-week (w-o-w), the STI dipped 0.24% from last week’s 2,848.78.

The Monetary Authority of Singapore (MAS), on the same day, revealed that bank lending numbers in October fell for the eighth consecutive month due to a continued drag in business loans.

On Nov 26, Singapore’s factory output reversed into the red with a 0.9% y-o-y contraction for the month of October.


See: Singapore's factory output reverses into the red with 0.9% dip in October

This was due to broad-based declines in the general manufacturing and transport engineering sectors, but was boosted slightly by strong demand for biomedical manufacturing.

Singapore Airlines (SIA) shares continued to register w-o-w growth with a 9.6% gain on vaccine hopes.

Read all the STI watch articles here.

See also: Analysts upbeat on Singapore recovery, while predicting a slowdown in growth momentum in 4Q

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.