Singapore stocks fall as Jiutian Chemical, Rowsley drag

Lenders such as DBS Group dropped 0.1 percent and Oversea-Chinese Banking Corp lost 0.6 percent.

trader
A trader works at a brokerage in Singapore. Reuters

Singapore stocks fell on Monday, as investors booked profits in recent outperformers such as Jiutian Chemical and Rowsley.

The Straits Times Index fell 0.14 percent or 5 points to 3,309. It ended 0.64 percent higher on Friday, taking the year-to-date gains to 15 percent.

Lenders such as DBS Group dropped 0.1 percent and Oversea-Chinese Banking Corp lost 0.6 percent.

Chemical maker Jiutian Chemical fell 7 percent after previous session's 8 percent surge while Rowsley was down 3.4 percent.

In-flight catering service provider SATS shed 0.4 percent after its profit fell 10.6 percent in the first-quarter.

Among the gainers, Centurion Corp gained 2 percent after it announced its foray into the United States with a proposed acquisition of five student accommodation assets for S$187 million.

About 3.2 billion shares worth S$958 million changed hands, with losers outnumbering gainers 264 to 185.

Meanwhile, Asian stocks slipped with the MSCI's broadest index of Asia-Pacific shares outside Japan down 0.2 percent.

trader
A trader works at a brokerage in Singapore. Reuters

Singapore stocks fell on Monday, as investors booked profits in recent outperformers such as Jiutian Chemical and Rowsley.

The Straits Times Index fell 0.14 percent or 5 points to 3,309. It ended 0.64 percent higher on Friday, taking the year-to-date gains to 15 percent.

Lenders such as DBS Group dropped 0.1 percent and Oversea-Chinese Banking Corp lost 0.6 percent.

Chemical maker Jiutian Chemical fell 7 percent after previous session's 8 percent surge while Rowsley was down 3.4 percent.

In-flight catering service provider SATS shed 0.4 percent after its profit fell 10.6 percent in the first-quarter.

Among the gainers, Centurion Corp gained 2 percent after it announced its foray into the United States with a proposed acquisition of five student accommodation assets for S$187 million.

About 3.2 billion shares worth S$958 million changed hands, with losers outnumbering gainers 264 to 185.

Meanwhile, Asian stocks slipped with the MSCI's broadest index of Asia-Pacific shares outside Japan down 0.2 percent.

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