Singapore shares continued to dive, with the blue-chip Straits Times Index dropping more than 3% as concerns over China's slowing economic growth rate continued to spook the market.
By 12.08pm, the Straits Times Index slipped 3.23% to 2,875.06.
In the broader market, decliners outnumber gainers 468 to 28. A total of 894.2 million shares worth $848 million changed hands.
All the 30 STI component stocks fell. Developers Capitaland fell 4% at $2.88 while CityDev was down 2.7% at $8.53. Banks DBS was down 3% at $17.74 while OCBC fell 3.3% at $8.80. SGX fell 3.9% at $7.16. SIA fell 1.5% to $9.83. Singtel fell 3.15% to $3.82.
The Stratech Group, Equation Summit, Noble Group, Pacific Andes Resources Development, and Ezion Holdings were among the most actively traded counters.
Among the decliners, Hi-P International fell 15% to 33 cents as Hi-P Electronics said it has started arbitration proceedings against Yota Devices to claim a sum of US$126 million ($178 million) for the failure of Yota to take delivery of a shipment of Yota 2 dual-screen smartphones.
Oxley Holdings fell 4% to 38 cents. The property developer posted a 68.3% drop in FY15 net profit to $60.9 million from a year ago. Revenue fell 35% to $701.8 million mainly due to the completion of the industrial development, Oxley Bizhub.
Sembcorp Industries fell 4% to $3.15. The conglomerate announced that its wholly-owned entity China Water Company (Zhumadian) has completed the divestment of its entire 51% stake in Zhumadian China Water Co to Beijing Enfei Environmental Protection Co for RMB 90 million ($19.5 million).
Among the gainers, Noel Gifts International rose 7% to 32.5 cents. The provider of floral arrangements, gifts, and hampers posted a 84.6% y-o-y increase in FY15 net profit to $2.9 million on the back of higher revenue of $29.4 million from $27.6 million in FY2014. The increase was largely due to the revenue from SG50 Baby Jubilee Gift project.
Companies that went ex-dividend on Monday include China Merchants Holdings (Pacific), Global Investments, Innovalues, ISEC Healthcare, Super Group, and Vibrant Group.
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By 12.08pm, the Straits Times Index slipped 3.23% to 2,875.06.
In the broader market, decliners outnumber gainers 468 to 28. A total of 894.2 million shares worth $848 million changed hands.
All the 30 STI component stocks fell. Developers Capitaland fell 4% at $2.88 while CityDev was down 2.7% at $8.53. Banks DBS was down 3% at $17.74 while OCBC fell 3.3% at $8.80. SGX fell 3.9% at $7.16. SIA fell 1.5% to $9.83. Singtel fell 3.15% to $3.82.
The Stratech Group, Equation Summit, Noble Group, Pacific Andes Resources Development, and Ezion Holdings were among the most actively traded counters.
Among the decliners, Hi-P International fell 15% to 33 cents as Hi-P Electronics said it has started arbitration proceedings against Yota Devices to claim a sum of US$126 million ($178 million) for the failure of Yota to take delivery of a shipment of Yota 2 dual-screen smartphones.
Oxley Holdings fell 4% to 38 cents. The property developer posted a 68.3% drop in FY15 net profit to $60.9 million from a year ago. Revenue fell 35% to $701.8 million mainly due to the completion of the industrial development, Oxley Bizhub.
Sembcorp Industries fell 4% to $3.15. The conglomerate announced that its wholly-owned entity China Water Company (Zhumadian) has completed the divestment of its entire 51% stake in Zhumadian China Water Co to Beijing Enfei Environmental Protection Co for RMB 90 million ($19.5 million).
Among the gainers, Noel Gifts International rose 7% to 32.5 cents. The provider of floral arrangements, gifts, and hampers posted a 84.6% y-o-y increase in FY15 net profit to $2.9 million on the back of higher revenue of $29.4 million from $27.6 million in FY2014. The increase was largely due to the revenue from SG50 Baby Jubilee Gift project.
Companies that went ex-dividend on Monday include China Merchants Holdings (Pacific), Global Investments, Innovalues, ISEC Healthcare, Super Group, and Vibrant Group.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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