Market Update: STI down 3.41%

The big three banks have fallen more than 3% each.

The Straits Times Index has fallen 3.41% or 94.88 as of 2:16 pm, 12 March, half a day after the World Health Organisation (WHO) officially declared the COVID-19 outbreak a pandemic.

The big three banks are currently the most traded stocks of the day, all recording declines. DBS dropped almost 3.33%, UOB fell 3.5%, and OCBC has declined 3.58%.

Singtel and SGX rounded up the top five most active stocks as of press time, falling by 2.12% and 2.03%, respectively.

Venture has fallen almost 3% whilst Keppel Corp has plunged almost 6.85%.

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