Market Close STI ends 0.52% lower at 2,630.76

STI ends 0.52% lower at 2,630.76
January 15, 2016: 6:18 PM 

Singapore equities nudged lower at the close on Friday, amidst broad declines in other Asian markets. 

The Nikkei 225 Index shed 0.54%, while the KOSPI and Hang Seng Indices slipped 1.11% and 1.50% respectively. Meanwhile, the Shanghai and Shenzhen Composite Indices tumbled 3.55% and 3.40% respectively. 

The Straits Times Index (STI) ended the day 0.52% lower at 2,630.76, after trading between 2,626.81 and 2,663.34. Market breadth was negative. Excluding warrants, decliners outnumbered gainers 281 to 141. 

A total of 1.93 billion shares worth about $ 1.09 billion changed hands, giving an average of 56 cents per share for the entire market. 

Annica Holdings, LionGold Corp, Luzhou Bio-Chem Technology, Noble Group, and China Sports International were among the most actively traded counters. 

Among STI components, Hutchison Port Holdings Trust rose 2% to 50 US cents, while Jardine Cycle & Carriage added 1.8% to $ 33.35. Meanwhile, Noble Group tumbled 3.3% to 29.5, while Yangzijiang Shipbuilding fell 2.6% to 92.5 cents. 

Annica Holdings ended flat at 0.1 cent, despite a spike in trading volume. The manufacturer representative for a line of equipment for the oil and natural gas industry was queried by the Singapore Exchange over unusual trading activity in its shares. 

Global Logistic Properties sank 1.5% to $ 1.925. The logistics facilities provider has signed three new lease agreements totalling 35,000 sq m in Greater Tokyo and Osaka. 

Jumbo Group shed 4.3% to 45 cents. The food & beverage group has opened a third Jumbo Seafood outlet at the Shanghai International Finance Centre and plans to open at least three more outlets in China and Singapore in the next two years. 

SingHaiyi Group tumbled 8% to 10.4 cents. The property developer was on Thursday queried by the Singapore Exchange over unusual trading activity in its shares. SingHaiyi has responded that its controlling shareholder, Haiyi Holdings, has been buying its shares from the open market and announcements It was made on a timely basis. 

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