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03-02-2014, 10:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:

http://www.channelnewsasia.com/news/...ps/977914.html (http://www.channelnewsasia.com/news/business/s-pore-stock-market-drops/977914.html)


S'pore stock market drops to lowest level in 14 months
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POSTED: 03 Feb 2014 20:10
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Singapore stocks fell to their lowest levels since November 2012 on Monday, with sentiment hurt by weaker regional markets and disappointing manufacturing data out of China.

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ENLARGECAPTION*
SINGAPORE: Singapore stocks fell to their lowest levels since November 2012 on Monday.

Dealers said investors sold off shares following weakness in other regional markets.

Sentiment was also hurt by anxieties over emerging markets and disappointing manufacturing data from China.

The Straits Times Index fell 36.27 points, or 1.2 per cent, to end at 2,990.95 -- below its 3,000-point support level.

Volume was thin at 1.52 billion shares valued at S$948 million.

Declining issues outnumbered advancers by 274 to 138.

SingTel lost 4 cents to S$3.49, Keppel Corp shed 10 cents to S$10.30, while Bukit Sembawang fell 23 cents to S$5.43.

Banks finished mixed, with DBS rising 7 cents to S$16.54, OCBC Bank dropping 13 cents to S$9.17, and UOB easing 22 cents to S$19.78.*

- CNA/al


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