Singapore shares continue to take a hit on Tuesday after the trading sessions in Europe and US reacted negatively to the weekend attack on Saudi Arabia’s oil facility. The STI fell 4.21 points ie. 0.13% to 3199.72 points.
Companies that gained:
- Singapore eDevelopment Limited moved up 2.4% to $0.042.
- Rex International moved up 1.2% to $0.088
- UOB moved up 0.2% to $26.39
- OCBC moved up 0.1% to $11.09
Companies that were impacted :
- DBS fell 0.2% to $25.41
- Singtel fell 0.3% to $3.2
In a report released by The Straits Times, the most actively traded security was Tee International, which jumped $0.008 or 22.9% to $0.043 after controlling shareholder Phua Chian Kin entered into a binding term sheet to sell a 23 per cent stake for a total of $9 million in cash.
The weekend’s events halted a positive streak for European stocks, which logged their fourth week of gains on Friday as investors moved back into cyclical sectors amid signs of progress in US-China trade talks.