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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 week ago
ReplyDeleteSINGAPORE: Singapore shares closed lower on Monday amid weaknesses in Asian markets as investors in China are concerned that the restart of initial public offerings after more than a year will create a share glut.
Investors were also given a cool lead from Wall Street, where the Dow edged up 0.17 percent but the S&P 500 and Nasdaq both ended down.
The ST Index ended the day 7.65 points lower, or 0.24 per cent, at 3,123.82.
Volume was 3.51 billion shares worth S$798.3 million. Loser outnumbered gainers 235 to 183.
At least fifteen companies have released prospectuses for initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges since the market regulator last year said it would end a freeze on listings.
The move comes as traders are already concerned about liquidity in China's financial markets, with the Shanghai index slumping in December as the rate at which banks lend to each other surged.
Among the gainers, Agribusiness company Wilmar International rose 0.30 per cent to S$3.36.
Real estate developer Capitaland eased 0.67 per cent to S$2.96.
- CNA/AFP/de