Singapore shares falter even as regional markets advance; STI down 0.4%

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LOCAL shares took a hit on Thursday, with an unexpected 0.9 per cent year-on-year fall in the city-state's factory output for the month of October weighing on investor sentiment. Read more at The Business Times.

For now at least, Oanda's senior market analyst Jeffrey Halley is advising investors to continue buying on dips:"With bottomless amounts of cheap central bank cash and vaccine candidates emerging, the great rotation trade and asset price appreciation in general, is set to continue.

The trio of lenders were among the biggest losers for the day. DBS lost 0.7 per cent or S$0.18 to S$25.50; UOB fell 0.7 per cent or S$0.17 to S$23.07, OCBC shed 0.6 per cent or S$0.06 to close at S$10.07.

Source: News Formal (newsformal.com)

 

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