Singapore stocks flat; latest factory output data posts solid growth
Singapore stocks remained flat despite strong factory output growth of 14.3% year-on-year, driven by pharmaceutical manufacturing. The Straits Times Index closed slightly down at 4,636.15, while the iEdge Singapore Next 50 Index rose by 0.1%. Regional markets showed mixed results. Thai Beverage led gains on the STI, while Jardine Matheson was the weakest performer. Local banks had mixed results with OCBC and UOB rising, while DBS fell slightly.
Businesstimes·