Singapore Shares Slip 0.1% on Likely Profit-Taking -- Market Talk

Dow Jones
01 Oct 2024

0935 GMT - Singapore's FTSE Straits Times Index edged 0.1% lower to close at 3580.96, erasing earlier gains. "It does seem to be a result of profit-taking," Yeap Jun Rong, market strategist at IG, says in an email, noting the index's recent strong rally. "With several markets offline, there have not been much cues for risk sentiment," the strategist adds. Among the worst performers on the STI, Wilmar International fell 3.0%, Thai Beverage lost 1.9%, and CapitaLand Investment was down 1.3%. Meanwhile, Jardine Matheson Holdings rose 2.8% and Hongkong Land added 2.7%. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

October 01, 2024 05:36 ET (09:36 GMT)

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