Focus on Budget but S'pore shares extend fall as Covid-19 fears linger.
Read more at The Business Times.
Index heavyweights like the local banks ended lower. DBS Group Holdings fell S$0.21 or 0.8 per cent to S$25.27, OCBC Bank eased S$0.04 or 0.4 per cent to S$10.97 while United Overseas Bank ended at S$25.81, down S$0.24 or 0.9 per cent.Notable laggards in the second line included tech manufacturers.
Meanwhile, Valuetronics Holdings shed 1.5 Singapore cents or 2 per cent to S$0.72 after RHB Research downgraded the contract manufacturer to"Neutral" and lowered its target price to S$0.76.Across the broader market, decliners outpaced advancers 227 to 192. The blue-chip index had 17 of its 30 components closing in the red.
Read more: The Business Times
Budget 2020: Cost of living package, tax rebates, rental waivers among Covid-19 measures, says Heng'Never doubt that Singapore has the means to bounce back from this outbreak.'
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Budget 2020 live blogSingapore Budget 2020: The Transformation and Growth effort will develop people through a new Asia-Ready Exposure Programme, and enhanced support under the Global Ready Talent Programme. Get live updates: SGBudget2020 Take care of the Wuhan Coronavirius first, please.