--- title: "Singapore stocks fall, in line with regional bourses; STI down 2.2%" type: "News" locale: "en" url: "https://longbridge.com/en/news/280143974.md" description: "Singapore stocks fell on March 23, with the Straits Times Index (STI) down 2.2% to 4,841.30. The iEdge Singapore Next 50 Index saw a slight gain of 0.1%. Frencken Group was the biggest decliner, dropping 7.2%. Overall, 144 stocks gained while 554 lost. Regional markets also declined, with Hong Kong's Hang Seng Index down 3.5% and Japan's Nikkei 225 down 3.5%. Sembcorp Industries was the only blue-chip gainer, while Singtel fell 5.4%. Market concerns include higher inflation and geopolitical tensions, according to market strategist Neil Wilson." datetime: "2026-03-23T10:40:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280143974.md) - [en](https://longbridge.com/en/news/280143974.md) - [zh-HK](https://longbridge.com/zh-HK/news/280143974.md) --- # Singapore stocks fall, in line with regional bourses; STI down 2.2% SINGAPORE - Singapore stocks ended lower on March 23, mirroring regional peers. The benchmark Straits Times Index (STI) lost 2.2 per cent or 107.57 points to finish at 4,841.30. Meanwhile, the iEdge Singapore Next 50 Index gained 0.1 per cent or 1.2 points to 1,465.98. Within the iEdge Singapore Next 50 Index, Frencken Group was the biggest decliner, falling 7.2 per cent or 15 cents to finish at $1.93. There were no gainers on the index on March 23. Across the broader market, gainers trailed losers 144 to 554, after 2.1 billion securities worth $2.8 billion changed hands. Key regional indexes were negative. Hong Kong’s Hang Seng Index lost 3.5 per cent, Japan’s Nikkei 225 index fell 3.5 per cent and South Korea’s Kospi was down 6.5 per cent. Sembcorp Industries was the only gainer on Singapore’s blue-chip index, rising 2.6 per cent or 16 cents to end at $6.31. The worst performer among STI constituents was Singtel, falling 5.4 per cent or 28 cents to close at $4.93. The telco was once again hit with user reports of disruption on March 23 after three consecutive days of issues last week. The local banks all ended lower. DBS Bank lost 1.7 per cent or 98 cents to $56.42, OCBC Bank fell 1.7 per cent or 37 cents to finish at $21, and UOB was down 2.2 per cent or 80 cents at $36.38. Markets are increasingly pricing in higher inflation and slower growth aside from energy disruption, said Mr Neil Wilson, market strategist at Saxo. Now markets are also expressing war fears through stocks and bonds other than crude and gas prices, as bond markets roiled last week. The markets are starting to wake up to the gravity of the potential for long-term impact on energy markets. “I’ve repeatedly stressed that markets were under-pricing the risks for a variety of reasons and showed a degree of complacency about the war, but markets are starting to take notice,” said Mr Wilson. THE BUSINESS TIMES ### Related Stocks - [U96.SG](https://longbridge.com/en/quote/U96.SG.md) - [E28.SG](https://longbridge.com/en/quote/E28.SG.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [ES3.SG](https://longbridge.com/en/quote/ES3.SG.md) - [SRT.SG](https://longbridge.com/en/quote/SRT.SG.md) - [Z74.SG](https://longbridge.com/en/quote/Z74.SG.md) - [SRU.SG](https://longbridge.com/en/quote/SRU.SG.md) - [YCS.US](https://longbridge.com/en/quote/YCS.US.md) ## Related News & Research - [Frencken Upgraded to Buy as Analyst Raises Target Price to S$3.25 on Semiconductor Rebound and FY27 Growth Outlook](https://longbridge.com/en/news/287114443.md) - [Singapore to undergo 2027 int’l review on advanced nuclear readiness](https://longbridge.com/en/news/286995294.md) - [First condo launches in Tengah and Bayshore ignite April jump in new private home sales](https://longbridge.com/en/news/286568874.md) - [AI boom insulates Singapore's exports from Middle East fallout: report](https://longbridge.com/en/news/286854216.md) - [Nearly 40% of firms hit by AI cyber events, highest amongst 15 markets](https://longbridge.com/en/news/286850969.md)