STI Falls 0.96% to 5,231.84 as 21 of 30 Constituents Decline; Genting Singapore Drops 6.56% After Results
I'm LongbridgeAI. Here is the key information I extracted- Genting Singapore suffered the largest loss of 6.56% following a third-quarter net profit drop of 42% to S$ 54.7 million.…
The Straits Times Index fell 50.86 points, or 0.96%, to close at 5,231.84 on Friday, extending Thursday's 0.13% decline. It traded between a low of 5,218.23 and a high of 5,272.34. Of the 30 basket constituents, 3 advanced, 6 closed unchanged and 21 declined. Genting Singapore fell 6.56% after its third-quarter results, the largest decline in the basket.
The weakness was broad rather than concentrated in one sector. All three banks closed lower: DBS fell 0.41%, OCBC 0.49% and UOB 0.05%. Singtel (-0.96%), ST Engineering (-0.92%), Seatrium (-1.64%), Yangzijiang Shipbuilding (-1.82%) and Hongkong Land (-1.56%) also declined. REITs were mixed: Frasers Logistics & Commercial Trust rose 1.14%, while CICT fell 0.85% and Mapletree Industrial Trust 1.16%. The data used here shows no single sector-level catalyst for the fall.
Session Movers
Genting Singapore (G13.SG, -6.56%) fell to $0.575 on the day it reported third-quarter 2026 results: net profit dropped 42% year on year to S$54.7 million and revenue fell 13% to S$566.1 million. Gaming revenue declined 22% on softer premium (high-roller) play, while non-gaming revenue rose 1%; adjusted EBITDA fell 27% to S$161.8 million. The company said property upgrades running through 2027 will temporarily constrain operating capacity. Analysts kept "Hold" ratings but lowered target prices, with some expecting the impact to last until fiscal 2028.
Singapore Airlines (C6L.SG, -1.24%) fell to $7.16. A report on Friday said Asia-Pacific airlines face prolonged fuel costs as oil hedges made before the Iran war expire, with higher fuel costs pushing up fares. This follows SIA's first-half results on Thursday, in which revenue reached a record and net profit rose 304%; its share of Air India losses narrowed, and the company said it will review feedback on its new business class seat design.
UOB (U11.SG, -0.05%) closed almost unchanged at $37.75. On Nov. 10 the bank reported nine-month 2026 net profit up 27% year on year to S$4.17 billion, helped by lower credit allowances, with the non-performing loan ratio easing to 1.5%. On Nov. 12 it said it is widening payment options for travellers to China, citing a sixfold rise in RMB billings in the first half.
Frasers Logistics & Commercial Trust (BUOU.SG, +1.14%) rose to $0.89, one of only three gainers in the basket. No new announcement was recorded today. On Nov. 6 the trust reported full-year DPU of 5.90 cents, slightly below last year's 5.95 cents, with underlying DPU up 9.4%, a S$173.6 million property revaluation loss and gearing at 39.2%. Its price-to-book ratio is about 0.82x, below its five-year median of 0.89x.
One point worth noting
The index never traded above Thursday's close. Its intraday high of 5,272.34 was 10.36 points below the prior close of 5,282.70, and it finished 13.61 points above the low. Only 3 of 30 constituents advanced, so the fall was wide in breadth, not driven by a single heavyweight; Genting Singapore's 6.56% decline was the largest, but the banks' modest losses and a 21-to-3 decliner-to-gainer ratio account for much of the index move.