Daily Markets Briefing: STI down 0.06%

Find out who the biggest losers were.

According to KGI Fraser, Asian stock indices closed mostly lower for the day, with Chinese equities dropping sharply. The Shanghai and Shenzhen Composites both fell 2.3% and 4.4% respectively, dragging Hong Kong’s Hang Seng (down 0.9%) along into the negative territory.

However Japan’s Nikkei managed to extend gains from the prior session, inching up 0.2% higher on the back of the weaker yen. Crude prices also slipped after reports emerged that oil workers in Kuwait has ended their strike, restoring the OPEC member’s crude production.

Here’s more from KGI Fraser:

The STI was relatively unchanged, dipping 0.1% or 1.86 points to close at 2,949.95.

Top gainers include Jardine C&C (S$44.750; +2.2%), Sembcorp Marine (S$1.850; +1.9%) and Golden Agri-Resources (S$0.420; +1.2%), while top decliners include CapitaLand (S$3.170; -1.6%), Thai Beverage (S$0.715; -1.4%) and Keppel Corp (S$5.990; -1.3%).

Top actively traded counters also include Magnus Energy (S$0.004; +33.3%) and Spackman (S$0.145; +7.4%), with more than 80 million shares changing hands for each counter.

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