SINGAPORE (THE BUSINESS TIMES) - Analysts anticipate profit-taking on the Singapore bourse as Singapore reinstates pre-emptive Covid-19 safety measures from May 8 to 30.
This comes amid a rise in Covid-19 community cases here, including a cluster at Tan Tock Seng Hospital detected in the past week.
The sell-off has already started, with Singapore shares swimming in a sea of red during the early morning trading session on Wednesday (May 5). At the midday trading break, all index counters except Jardine Matheson Holdings were down.
The Straits Times Index (STI) eventually closed 0.8 per cent down at 3,153.59 on Wednesday.
When the market opened on Wednesday, decliners outnumbered gainers 98 to 30, or three down for every one up, a ratio not seen in the past five days of trading - which has been largely even, according to a tally by The Business Times.
SINGAPORE (THE BUSINESS TIMES) - Singapore shares drifted lower on Tuesday (May 4) as locally transmitted Covid-19 fears persist, amid mixed trading in shares across major markets in the region.
The benchmark Straits Times Index (STI) fell 0.2 per cent to end at 3,179.13, marking the third consecutive day of decline.
The top gainer on the index was Dairy Farm International, which saw its shares rise 1.9 per cent to close at US$4.39.
Other top gainers include Thai Beverage and Mapletree Logistics Trust, which rose 1.4 per cent and 1 per cent respectively
Finishing at the bottom of the STI performance table on Tuesday was Capitaland, which fell 2.5 per cent to $3.58 as it went ex-dividend.
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The Straits Times
In particular, the travel-related sector has not shown much indication of a revival.ST PHOTO: KUA CHEE SIONG
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In particular, the travel-related sector has not shown much indication of a revival. - ST
SINGAPORE (The Straits Times/ANN): While Singapore s economy has been recovering smartly, bolstered by robust trade-related industries like manufacturing, some sectors remain lacklustre and others could see slower growth in the months ahead.
In particular, the travel-related sector has not shown much indication of a revival, with the air transport segment remaining muted and hotel occupancy in Singapore falling after the year-end demand surge, the Monetary Authority of Singapore (MAS) noted in its macroeconomic review released on Wednesday (April 28).
The growth momentum for some modern services sectors - one of the early drivers of economic recovery last year - could moderate in the coming quarters.