Local shares end Monday in the red amid profit-taking

Singapore stocks ended the first trading day of the week lower amid cautious investor sentiment and profit-taking across the market.
The benchmark $FTSE Singapore Straits Time Index(.STI.SG)$ lost 0.4 per cent or 13.79 points to end the trading session on Monday (Feb 26) at 3,171.12. Across the broader market, decliners outnumbered advancers 325 to 241, and daily turnover came in at 1.8 billion securities worth a collective S$1.1 billion.

$Venture(V03.SG)$ was the top constituent gainer, rising 5 per cent or S$0.68 to S$14.40 on a cum-dividend basis.

$海庭(S51.SG)$ was the most heavily traded stock, with about 873.5 million shares traded. The company on Monday reported a net loss of S$1.7 billion for the second half of its fiscal year ended December 2023. The counter fell 2.2 per cent or S$0.002 to close at S$0.091.