STI closes 0.99% lower at 2,829.43

SINGAPORE (Aug 29): Singapore stocks ended weaker on Monday, following commentary on Friday from the chief of the US Federal Reserve, who was interpreted by the market as paving the way for a rate increase in September.

As at 5.04pm, the key Straits Times Index (STI) was down 28.22 points or 0.99% lower at 2,829.43. About 719.2 million shares with a value of $733.8 million changed hands. Losers outnumbered gainers 248 to 141.

Noble Group was the most active, with 57.5 million shares traded. Cedar Strategic was next with 56.2 million shares traded while Annica saw 24 million changing hands.

---

Related Stories

• Briefs: Hanwha Group explains offer price for Dyna-Mac; No increase in offer for Silverlake Axis; Anwar speaks in Johor
• Brokers’ digest: Haidilao International Holding, CSE Global, Delfi
• CGS International reiterates 'reduce' call on Silverlake Axis after privatisation announcement

---