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STI slips 0.2% as disappointing company results spook investors
The Straits Times
|February 27, 2025
Disappointing corporate results from two index heavyweights prompted investors to send the local market down a notch on Feb 26.
The fallout left the Straits Times Index (STI) down 0.2 per cent or 7.82 points to 3,908.05, but on the broader market, gainers beat losers 330 to 236 after 1.5 billion securities worth $1.7 billion changed hands.
Investors were put on the back foot when OCBC Bank posted a fourth-quarter net profit of $1.69 billion, which missed a consensus estimate of $1.78 billion based on a Bloomberg analyst survey.
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FLERE HISTORIER FRA The Straits Times
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