Singapore stocks end slightly lower before festive break; STI down 0.06%

Singapore shares ended slightly lower on Dec 24 before the Christmas break, with the STI down 0.06% to 4,636.34. The iEdge Singapore Next 50 Index rose 0.1%. Frasers Logistics and Commercial Trust was the top gainer, while ST Engineering was the largest decliner. Genting Singapore was the most actively traded. UOB rose, while OCBC and DBS fell. Advancers outnumbered decliners 235 to 167. In the US, the S&P 500 hit a new record, driven by strong Q3 economic growth and expectations of further interest rate cuts.