Singapore shares retreated by midday, with Asian markets losing ground after the U.S. Federal Reserve said it was less inclined to provide more economic stimulus.
Shares in DBS Group Holdings, the top traded stock by value in the Singapore market, fell 1.9% to S$13.5, the lowest in about two months. On Tuesday, the stock fell nearly 3% after unveiling a takeover bid for Indonesia's Bank Danamon for US$7.2 billion ($9.1 billion) this week.
The Straits Times Index was down 0.5%, or 13.5 points, at 3,001.4. MSCI's broadest index of Asia Pacific shares outside Japan shed 0.8%.
Among gainers, Ezion shares jumped as much as 5.1% after the offshore services firm won a US$80 million service rig contract.
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