Singapore stocks end Tuesday flat as traders eye potential interest rate cuts
Stock markets on Tuesday (Dec 26) were a mixed bag of results, as hopes of interest rate cuts – on the back of subdued inflation data in the US – sparked investor optimism, but investors chose to tread carefully.
In Singapore, however, traders were more cautious despite news of the state’s headline and core inflation figures easing in November.
The local benchmark $FTSE Singapore Straits Time Index (.STI.SG)$ ended the day largely flat – with a decline of 0.01 per cent or 0.34 point to 3,139.98. Advancers narrowly beat decliners 194 to 184, after 538.4 million securities worth a collective S$355.9 million changed hands.
On the Singapore bourse, $NIO Inc. USD OV (NIO.SG)$ was the top advancer for the day, gaining 5.4 per cent or US$0.43 to US$8.46.
$JMH USD (J36.SG)$ was among the biggest losers for the day, shedding 0.3 per cent or US$0.11 to US$39.55.
$Seatrium (S51.SG)$ , $Chasen (5NV.SG)$ and $Rex Intl (5WH.SG)$ were among the most heavily traded stocks for the day.
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