The Straits Times Index ended Monday down 4.07 points or 0.16 per cent at 2,567.25 points. Read more at The Business Times.
This comes despite the historic Opec+ deal to slash production by 9.7 million barrels, with investors being more focused on the economic uncertainty caused by the pandemic, said market watchers.
Close to half of the STI's constituents ended in the red, with Mapletree Logistics Trust emerging at the bottom, falling S$0.07 or 4.07 per cent to S$1.65.Meanwhile, the most heavily traded stock was Singtel, which edged up S$0.03 or 1.11 per cent to S$2.74. The trio of banking stocks were down in the early session of trading, but DBS and UOB built on gains by late morning to end in the black, gaining S$0.14 or 0.73 per cent to S$19.28, and S$0.01 or 0.05 per cent to S$20.18 respectively. On the other hand, OCBC Bank fell S$0.03 or 0.34 per cent to S$8.92.reported on Monday that banks have received increasing numbers of applications to defer payments or seek assistance to cope with the economic fallout from the pandemic.
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