Daily Markets Briefing: STI down 6.03%

Keppel Corp saw the sharpest decline amongst top active stocks with a 9.65% contraction.

The Straits Times Index ended 178.61 or 6.03% lower at 2,782.37.

Also read: STI opens with 3% drop over oil mayhem fallout

The top active stocks were DBS, which dropped 8.04%, OCBC Bank, which fell 6.76%, UOB, which slid 7.33%, Singtel, which declined 4.75%, and Keppel Corp with a 9.65% contraction.

The FTSE Mid Cap fell 5.09% whilst the FTSE Small Cap dropped 6.2%.

Global oil prices suffered by 30% after OPEC and Russia’s deal collapsed on production cuts, slumping markets. This led to a 3% fall in the Straits Times Index (STI) at its 9 March open.

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