STI closes 0.9% lower at 2,828.27

SINGAPORE (Oct 26): Singapore stocks closed lower on Wednesday as earnings season gets underway and investors tread cautiously.

As at 5.04pm, the Straits Times Index was down 0.9% or 25.48 points at 2,828.27. In the broader market, 1.29 billion shares valued at $734 million changes hands. Losers outnumbered gainers 243 to 154.

Banking stocks were among the losers. UOB closed 0.6% lower at $18.80, DBS closed 0.7% lower at $14.95 while OCBC Bank closed 1.2% lower at $8.55.

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