Singapore Shares Slump. STI Falls 1.36%; Sheng Siong Tumbles 9%; First Resources Down 6%; OCBC Bank Down over 3%; DBS Falls Nearly 2%

MT Newswires11-02 17:53

Singapore shares tumbled nearly 1.4% on Monday as investors turned cautious ahead of high-stakes bank earnings later this week.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,262.85 and 5,354.12 throughout the day. It ended the session at 5,303.83, down 72.91 points or nearly 1.4% compared to Friday's close.

Sheng Siong tumbled 9%; First Resources down 6%; OCBC Bank down over 3%; YZJ Maritime, ST Engineering, DBS down around 2%.

On the corporate front, shares of Metrocon (SGX:WYO) plunged over 6% at the close as its non-executive chairman, Alvin Lim Yee Hong, stepped down from the post effective Oct. 29, after he was charged under Singapore's Foreign Employee Dormitories Act.

Great Eastern (SGX:G07) closed nearly 2% lower as it posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago.

Meanwhile, shares of Bumitama Agri (SGX:P8Z) slid nearly 3% at the close as it communicated its commitment to voluntarily engage, at its own cost, assessors from the Singapore government in connection with fires in Indonesia.

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Comments

Playground
11-02 18:18
Playground
Weird that OCBC down more than Great Eastern when supposedly it is Great Eastern results impacting OCBC.

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It ended the session at 5,303.83, down 72.91 points or nearly 1.4% compared to Friday&#39;s close.</p><p style=\"text-align: left;\">Sheng Siong tumbled 9%; First Resources down 6%; OCBC Bank down over 3%; YZJ Maritime, ST Engineering, DBS down around 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ceaf77cc5b945307c5dba1e58d504eee\" data-align=\"center\" tg-width=\"690\" tg-height=\"558\"/><span></span></p><p style=\"text-align: left;\">On the corporate front, shares of Metrocon (SGX:WYO) plunged over 6% at the close as its non-executive chairman, Alvin Lim Yee Hong, stepped down from the post effective Oct. 29, after he was charged under Singapore&#39;s Foreign Employee Dormitories Act.</p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/GEHDF\">Great Eastern</a> (SGX:G07) closed nearly 2% lower as it posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago.</p><p style=\"text-align: left;\">Meanwhile, shares of <a href=\"https://laohu8.com/S/BUMTF\">Bumitama Agri</a> (SGX:P8Z) slid nearly 3% at the close as it communicated its commitment to voluntarily engage, at its own cost, assessors from the Singapore government in connection with fires in Indonesia.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Slump. 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STI Falls 1.36%; Sheng Siong Tumbles 9%; First Resources Down 6%; OCBC Bank Down over 3%; DBS Falls Nearly 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2026-11-02 17:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Singapore shares tumbled nearly 1.4% on Monday as investors turned cautious ahead of high-stakes bank earnings later this week.</p><p style=\"text-align: left;\">The Straits Times Index (STI), a key benchmark for the <a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>, ranged between 5,262.85 and 5,354.12 throughout the day. 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Better news, better service, better price.","home_visible":1,"media_name":"MT Newswires","id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"pubTimestamp":1793613230,"share":"https://ttm.financial/m/news/2680306857?lang=en_US&edition=fundamental","pubTime":"2026-11-02 17:53","market":"sg","language":"en","title":"Singapore Shares Slump. STI Falls 1.36%; Sheng Siong Tumbles 9%; First Resources Down 6%; OCBC Bank Down over 3%; DBS Falls Nearly 2%","url":"https://stock-news.laohu8.com/highlight/detail?id=2680306857","media":"MT Newswires","summary":"Singapore shares tumbled nearly 1.4% on Monday as investors turned cautious ahead of high-stakes bank earnings later this week.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,262.85 and 5,354.12 throughout the day. It ended the session at 5,303.83, down 72.91 points or nearly 1.4% compared to Friday's close.On the corporate front, shares of Metrocon  plunged over 6% at the close as its non-executive chairman, Alvin Lim Yee Hong, stepped down from the post effective Oct. 29, after he was charged under Singapore's Foreign Employee Dormitories Act.Great Eastern  closed nearly 2% lower as it posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago.Meanwhile, shares of Bumitama Agri  slid nearly 3% at the close as it communicated its commitment to voluntarily engage, at its own cost, assessors from the Singapore government in connection with fires in Indonesia.","content":"<html><head></head><body><p style=\"text-align: left;\">Singapore shares tumbled nearly 1.4% on Monday as investors turned cautious ahead of high-stakes bank earnings later this week.</p><p style=\"text-align: left;\">The Straits Times Index (STI), a key benchmark for the <a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>, ranged between 5,262.85 and 5,354.12 throughout the day. It ended the session at 5,303.83, down 72.91 points or nearly 1.4% compared to Friday&#39;s close.</p><p style=\"text-align: left;\">Sheng Siong tumbled 9%; First Resources down 6%; OCBC Bank down over 3%; YZJ Maritime, ST Engineering, DBS down around 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ceaf77cc5b945307c5dba1e58d504eee\" data-align=\"center\" tg-width=\"690\" tg-height=\"558\"/><span></span></p><p style=\"text-align: left;\">On the corporate front, shares of Metrocon (SGX:WYO) plunged over 6% at the close as its non-executive chairman, Alvin Lim Yee Hong, stepped down from the post effective Oct. 29, after he was charged under Singapore&#39;s Foreign Employee Dormitories Act.</p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/GEHDF\">Great Eastern</a> (SGX:G07) closed nearly 2% lower as it posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago.</p><p style=\"text-align: left;\">Meanwhile, shares of <a href=\"https://laohu8.com/S/BUMTF\">Bumitama Agri</a> (SGX:P8Z) slid nearly 3% at the close as it communicated its commitment to voluntarily engage, at its own cost, assessors from the Singapore government in connection with fires in Indonesia.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Slump. STI Falls 1.36%; Sheng Siong Tumbles 9%; First Resources Down 6%; OCBC Bank Down over 3%; DBS Falls Nearly 2%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares Slump. STI Falls 1.36%; Sheng Siong Tumbles 9%; First Resources Down 6%; OCBC Bank Down over 3%; DBS Falls Nearly 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2026-11-02 17:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Singapore shares tumbled nearly 1.4% on Monday as investors turned cautious ahead of high-stakes bank earnings later this week.</p><p style=\"text-align: left;\">The Straits Times Index (STI), a key benchmark for the <a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>, ranged between 5,262.85 and 5,354.12 throughout the day. It ended the session at 5,303.83, down 72.91 points or nearly 1.4% compared to Friday&#39;s close.</p><p style=\"text-align: left;\">Sheng Siong tumbled 9%; First Resources down 6%; OCBC Bank down over 3%; YZJ Maritime, ST Engineering, DBS down around 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ceaf77cc5b945307c5dba1e58d504eee\" data-align=\"center\" tg-width=\"690\" tg-height=\"558\"/><span></span></p><p style=\"text-align: left;\">On the corporate front, shares of Metrocon (SGX:WYO) plunged over 6% at the close as its non-executive chairman, Alvin Lim Yee Hong, stepped down from the post effective Oct. 29, after he was charged under Singapore&#39;s Foreign Employee Dormitories Act.</p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/GEHDF\">Great Eastern</a> (SGX:G07) closed nearly 2% lower as it posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago.</p><p style=\"text-align: left;\">Meanwhile, shares of <a href=\"https://laohu8.com/S/BUMTF\">Bumitama Agri</a> (SGX:P8Z) slid nearly 3% at the close as it communicated its commitment to voluntarily engage, at its own cost, assessors from the Singapore government in connection with fires in Indonesia.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2680306857","content_text":"Singapore shares tumbled nearly 1.4% on Monday as investors turned cautious ahead of high-stakes bank earnings later this week.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,262.85 and 5,354.12 throughout the day. It ended the session at 5,303.83, down 72.91 points or nearly 1.4% compared to Friday's close.Sheng Siong tumbled 9%; First Resources down 6%; OCBC Bank down over 3%; YZJ Maritime, ST Engineering, DBS down around 2%.On the corporate front, shares of Metrocon (SGX:WYO) plunged over 6% at the close as its non-executive chairman, Alvin Lim Yee Hong, stepped down from the post effective Oct. 29, after he was charged under Singapore's Foreign Employee Dormitories Act.Great Eastern (SGX:G07) closed nearly 2% lower as it posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago.Meanwhile, shares of Bumitama Agri (SGX:P8Z) slid nearly 3% at the close as it communicated its commitment to voluntarily engage, at its own cost, assessors from the Singapore government in connection with fires in Indonesia.","news_type":1,"symbols_score_info":{"P8Z.SI":0.9,"ES3.SI":0.6,"G3B.SI":0.6,"GAB.SI":0.6,"STI.SI":0.9,"G07.SI":0.9,"WYO.SI":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":9,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2680306857","isCrawlerRequest":true}