Berita Valas

The Singapore stock market has moved lower in three straight sessions, sinking more than 150 points or 3.2 percent in that span. The Straits Times Index now rests just above the 4,840-point plateau although it may find traction on Tuesday. The global forecast for the Asian markets is upbeat as tensions in the Middle East take a slight breather. The European markets were mixed and the U.S. bourses were up and the Asian markets are expected to follow the latter lead. The STI finished sharply lower on Monday following losses from the financial shares, property stocks and industrial issues. For the day, the index retreated 107.57 points or 2.17 percent to finish at 4,841.30 after trading between 4,817.11 and 4,872.81. Among the actives, CapitaLand Ascendas REIT surrendered 2.72 percent, while CapitaLand Integrated Commercial Trust contracted 2.51 percent, CapitaLand Investment skidded 1.80 percent, City Developments retreated 2.61 percent, DBS Group dipped 1.71 percent, DFI Retail Group plummeted 4.76 percent, Genting Singapore gave up 1.47 percent, Hongkong Land stumbled 2.87 percent, Keppel DC REIT crashed 3.03 percent, Keppel Ltd lost 1.86 percent, Mapletree Pan Asia Commercial Trust dropped 2.24 percent, Mapletree Industrial Trust shed 2.00 percent, Mapletree Logistics Trust slumped 2.48 percent, Oversea-Chinese Banking Corporation slipped 1.73 percent, SATS tumbled 2.97 percent, Seatrium Limited declined 2.53 percent, SembCorp Industries rallied 2.60 percent, Singapore Airlines was down 1.67 percent, Singapore Exchange eased 0.88 percent, Singapore Technologies Engineering fell 1.83 percent, SingTel cratered 5.37 percent, Thai Beverage weakened 1.15 percent, United Overseas Bank sank 2.15 percent, UOL Group plunged 4.51 percent, Wilmar International skidded 2.37 percent and Yangzijiang Shipbuilding tanked 2.99 percent.