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The Singapore stock market finished session lower on Thursday, 30 November 2023, as investors risk sentiment turned downbeat after disappointing China manufacturing PMI data and amid caution ahead of awaiting key inflation data from the U.S.
At closing bell, the Straits Times Index (STI) index was down 11.71 points, or 0.38%, to 3,072.99 after trading between 3,067.30 and 3,086.44. Volume of 1.42 billion shares worth S$1.85 billion changed hands. Overall market activity showed a balance between gainers and losers with 280 gainers and 300 decliners.
Banking stocks ended the day lower, with shares of DBS Group Holdings falling 0.06% to S$31.74 and United Overseas Bank erasing 0.37% to S$27.22, while Oversea-Chinese Banking Corp was down 1.18% to S$12.54.
Shares of Wilton Resources zoomed over 11%, as its unit PT Wilton Makmur Indonesia commenced the commercial production of the flotation and carbon-in leach processing facility at its Ciemas Gold Project in West Java, Indonesia.
Keppel shares gained nearly 4% after the companyagreed to acquire an initial 50% stake in European asset manager Aermont Capital for up to S$517 million.
Grand Venture Technology shares ended 1% higher, as the company agreed to acquire 100% of Singapore-based electroplating and surface treatment services provider ACP Metal Finishing from Ardille for S$17 million.
ECONOMIC NEWS: Singapore bank loans fell to S$791.5 billion in October from SG$826.1 billion a year earlier but were up from the S$787.6 billion recorded in September, data from the Monetary Authority of Singapore showed.
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