More stocks were declining than advancing, with 65 losers compared to 32 gainers.
Singapore shares opened lower on Thursday, tracking losses in US and European markets from the previous day.
Trading activity amounted to 37.8 million securities valued at S$55.4 million. However, there was a positive outlier. Sats stood out as a positive performer. The in-flight caterer and ground handler’s shares rose S$0.09 or 3.4% to S$2.72. This uptick followed the company’s report of earnings amounting to S$64.1 million for the six months ending March 31.
European markets also closed lower on Wednesday, with the pan-European Stoxx 600 index down by 1.1% at 513.45, marking its largest single-day decline since April 16. The decline was attributed to persistent concerns about global interest rates remaining higher for longer than anticipated. /
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