Singaporean Stocks Drop 0.5% in Morning Trading

Dow Jones09-23

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Singapore slipped during early trading Wednesday, as the FTSE Straits Times Index dropped 0.5% to 5695.88.

Among local companies with a market cap of at least 1 billion Singapore dollars ($783.9 million), Hutchison Port Hldgs Tr is the biggest early laggard, dropping 2.4%, followed by shares of Bumitama Agri, which declined 2.2%. Shares of Oversea-Chinese Banking fell 1.9%.

Frencken Group is the biggest leader this morning, adding 4.2%, and Singapore Airlines rose 2.3%. Mapletree Logistics Trust rounds out the top three movers, as shares added 1.8%.

The U.S. dollar held steady against the Singapore dollar at S$1.28.

In the bond markets, the 10-year Singaporean government bond yield declined 1.5 basis points to 2.415%.

Data source: Dow Jones Market Data, FactSet

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