Singapore shares dip 0.1% as hopes fade over big Fed rate cut

Singapore shares dip 0.1% as hopes fade over big Fed rate cut.

:"Profit-taking activities were accelerated by the fact that the fundamental outlook remains weak, in particular among the manufacturing and export sectors."In Singapore, trading volume clocked in at 1.22 billion securities, just over the daily average in the first five months of 2019. However, total turnover came to S$1.15 billion, 10 per cent above the January-to-May daily average.

Thai Beverage stocks added 0.5 Singapore cent or 0.6 per cent to close at 87 cents on 27.6 million shares changing hands, the most among benchmark index components. The local banks were mixed. DBS Group Holdings was S$0.05 or 0.2 per cent lower at S$25.32. Meanwhile, OCBC Bank added S$0.09 or 0.8 per cent at S$11.40 and United Overseas Bank closed at S$26.22, up S$0.15 or 0.6 per cent.

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