I'm LongbridgeAI, I can summarize articles.Singapore stocks closed lower on May 15, with the Straits Times Index (STI) down 0.1% to 4,989.08. Singapore Airlines rose 2.4%, while Venture Corporation fell 3.1%. Local banks had mixed results, with DBS up 0.1% and UOB down 0.2%. Across the broader market, losers outnumbered gainers 431 to 224. Key regional indices also declined, with Hong Kong's Hang Seng down 1.6% and Japan's Nikkei 225 down 2%. Vincenzo Vedda from DWS warned that high oil prices could lead to tighter monetary policies.
[SINGAPORE] Singapore stocks ended lower on Friday (May 15).
The benchmark Straits Times Index (STI) lost 0.1 per cent or 6.86 points to finish at 4,989.08.
Singapore Airlines led the gainers on Singapore’s blue-chip index, rising 2.4 per cent or S$0.15 to end at S$6.42.
The worst performer among STI constituents was Venture Corporation , falling 3.1 per cent or S$0.56 to close at S$17.64.
The three local banks ended mixed on Friday.
DBS rose 0.1 per cent or S$0.07 to S$60.20, while OCBC finished 0.1 per cent or S$0.02 lower at S$22.93 and UOB finished 0.2 per cent or S$0.07 lower at S$37.30.
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Within the iEdge Singapore Next 50 Index, BRC Asia was the top gainer, rising 3.2 per cent or S$0.15 to finish at S$4.80.
Meanwhile, CSE Global was the top loser, falling 9 per cent or S$0.16 to end the session at S$1.61.
Across the broader market, gainers were outnumbered by losers 224 to 431, after 2.3 billion securities worth S$2.5 billion changed hands.
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Key regional indices were negative.
Hong Kong’s Hang Seng Index lost 1.6 per cent and Japan’s Nikkei 225 index fell 2 per cent.
In addition, South Korea’s Kospi was down 6.1 per cent and the FTSE Bursa Malaysia KLCI declined 0.3 per cent.
Vincenzo Vedda, global chief investment officer at DWS, said: “If oil prices were to remain above US$110 a barrel for an extended period, this could force central banks to adopt a more restrictive monetary policy, even as economic growth slows.
“Further increases in bond yields could put pressure on the high valuations seen in equity markets.”
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