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S'pore stocks track regional losses as investors remain wary

The Straits Times

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October 17, 2024

• STI edges down although gainers outnumber losers • Tech-heavy Nasdaq falls after ASML's forecast of lower sales • All three Singapore banks end trading in red territory

- Mia Pei

Declines on Wall Street overnight and losses elsewhere in the region left the local bourse with all the reason it needed to go into a cautionary retreat on Oct 16.

The downbeat sentiment nudged the benchmark Straits Times Index (STI) 0.1 per cent or 4.85 points lower to 3,590.62, although gainers outnumbered losers 288 to 233 across the broader market after 1.5 billion securities worth $1.2 billion changed hands.

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