Singapore stocks pause after 3-day rally; GLP gains

Weak Asian cues weighed on the investor sentiment.

A man passes a stock index board showing the Straits Times Index falling 4.3 percent at the Singapore Exchange in the central business district. REUTERS

Singapore equities were little changed on Tuesday, as investors took a breather after benchmark index rose for three straight days.

Meanwhile, weak Asian cues also weighed on the sentiment.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent after Republicans effort to dismantle and replace the Affordable Care Act, commonly known as Obamacare, faced a fresh setback on Monday.

At 0540 GMT, the Straits Times Index gained 0.04 percent or 1.4 points to 3,299. It ended 0.33 percent higher on Monday, taking the year-to-date gains to 15 percent.

Among the losers, Singapore Telecommunications fell 0.5 percent, Oversea-Chinese Banking Corp declined 0.4 percent and Singapore Press Holdings slipped 1.3 percent.

Keppel Infrastructure Trust lost 1 percent after its profit attributable to unitholders fell 4.9 percent in the second quarter.

Gainers included commodity trader Noble Group climbing 9 percent while warehouse provider Global Logistic Properties rose 0.3 percent.

About 1.5 billion shares worth S$643 million changed hands, with gainers outnumbering losers 188 to 182.