Singapore Shares Take A Hit As Oil Prices Hiked, STI Down 0.3%

Photo by M. B. M. on Unsplash

Singapore Shares take a hit on Monday as oil prices made a record hike due to the drone attacks on a Saudi Arabian oil facility over the weekend, which led to a 5% removal of global supplies.


In the report by The Straits Times, it said: :Brent futures recorded the biggest intraday advance in dollar terms since they were launched in 1988, with an increase of about US$12 a barrel within seconds after the markets open on Monday.”

In Singapore, the Straits Times Index edged down 9.61 points or 0.3 per cent to 3,201.88 as at 9.04am on Monday (sept 16).

Companies impacted: 

  • DBS down 0.6% to $25.41
  • UBS down 0.3% to $26.34
  • OCBC down 0.4% to $11.06

Companies gained: 

  • Keppel Corp moved up 1.5% to $6.31
  • Ascendas Reit moved up 0.3% to $3.15

According to The Straits Times, the most actively traded security was Rex International, which traded up $0.004 or 4.9 per cent at $0.085 with 25.8 million shares changing hands. Other actives included Sino Grandness Food Industry Group and GSS Energy.

Written by

Cheryl Toh

Last updated on

September 16th 2019, 12:18 pm

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