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Singapore shares dip on cautious sentiment; STI down 0.7%
The Straits Times
|December 07, 2024
● Traders await US jobs data that will shape interest rate policy ● Yangzijiang is STI's top gainer; Singtel is biggest decliner ● Trio of local banks, regional bourses end mixed
Local shares mirrored a lacklustre Wall Street overnight and declined on Dec 6 as wary traders opted to keep their powder dry ahead of a crucial US jobs report that will determine interest rate policy.
The cautious stance left the benchmark Straits Times Index (STI) down 26.52 points, or 0.7 per cent, at 3,796.16 after a near record high the day before. In the broader market, gainers outnumbered losers 270 to 246 on trade of 1.1 billion securities worth $1.1 billion.
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