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2022-12-23

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Singapore Shares End Week in the Red Despite Festive Cheer, STI Down 0.4%

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Gloomy macroeconomic data – steady inflation levels and a 3.2 per cent contraction in factory ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/singapore-shares-end-week-red-despite-festive-cheer-sti-down-04\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares End Week in the Red Despite Festive Cheer, STI Down 0.4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares End Week in the Red Despite Festive Cheer, STI Down 0.4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-23 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/singapore-shares-end-week-red-despite-festive-cheer-sti-down-04><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>THE upcoming holidays did little to spur on local shares as they ended the week on a slightly dour note. Gloomy macroeconomic data – steady inflation levels and a 3.2 per cent contraction in factory ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/singapore-shares-end-week-red-despite-festive-cheer-sti-down-04\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/companies-markets/singapore-shares-end-week-red-despite-festive-cheer-sti-down-04","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123204793","content_text":"THE upcoming holidays did little to spur on local shares as they ended the week on a slightly dour note. Gloomy macroeconomic data – steady inflation levels and a 3.2 per cent contraction in factory output for November – also did not ease worries of investors.The benchmark Straits Times Index (STI) lost 0.4 per cent or 11.83 points to close on Friday (Dec 23) at 3,257.70. Daily turnover came in just shy of 730.6 million securities worth a total of about S$483.9 million. Decliners outnumbered advancers 282 to 222.In the US, market watchers noted that economic data could also have triggered volatility in the global stock market. SPI Asset Management managing partner Stephen Innes, for one, is awaiting the release of the personal consumption expenditure inflation data. He noted that weekly jobless claims in the US has also crept up.“On top of these new data points, we are learning that forthcoming fiscal stimulus from Congress may be better than investors previously anticipated,” he said.“If you take a step back, the overarching market narrative and the principal macro worry have shifted from inflation to recession. Those recession fears might be too hard for investors to shake, with most – if not all – of Wall Street calling for a down stock cycle.”One of the top gainers of the day by value was healthcare player Medtecs International : 546 +30.43%, which shot up 30.4 per cent or S$0.042 to S$0.18. No significant deals or announcements were revealed by the company as at market close. The company reported a loss of US$3.7 million for H1 ended June on fewer orders and lower prices for its products.Special purpose acquisition company Pegasus Asia : PGS -6.52% was the top loser on the bourse, falling 6.5 per cent or S$0.30 to S$4.30.Of the banking trio, UOB : U11 -0.83%and DBS : D05 -0.67%were also among the top decliners. The former fell 0.8 per cent or S$0.26 to S$30.90, while the latter shed 0.7 per cent or S$0.23 to S$34.04. OCBC : O39 +0.49%bucked the trend, adding 0.5 per cent or S$0.06 to S$12.37.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9922503910,"gmtCreate":1671789623131,"gmtModify":1676538593901,"author":{"id":"4114034632842312","authorId":"4114034632842312","name":"Wheezer","avatar":"https://community-static.tradeup.com/news/7b6d6c46e074edcaf4a842ee5b709584","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114034632842312","authorIdStr":"4114034632842312"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922503910","repostId":"1123204793","repostType":2,"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}