Singapore Shares Track Overnight Losses in Wall Street to Close Lower; United Overseas Bank Slips 4%

MT Newswires

4 hours ago

Singapore shares closed lower on Tuesday, tracking overnight Wall Street losses as investors' sentiment was weighed down by revived tariff worries.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,981.37 and 5,022.99 throughout the day. It ended the session at 5,020.79, down 20.54 points or 0.4% compared to Monday's close.

On the corporate front, shares of United Overseas Bank (SGX:U11) were down over 4% at the close as the bank's net profit in the second half of 2025 declined by 41% to SG$1.85 billion from SG$3.13 billion a year earlier.

MoneyMax Financial Services' (SGX:5WJ) shares slumped nearly 7% as its attributable profit to the owners rose 94% in the second half of 2025 to SG$42.0 million from SG$21.6 million a year earlier.

Meanwhile, shares of Kim Heng (SGX:5G2) were down over 3%, with the company expecting to book a net loss in 2025, compared with a profit of SG$270,000 a year earlier.

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Asia Pacific Income A (mth) SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD"},"translate_title":"新加坡股市追随华尔街隔夜跌幅收低；大华银行下跌4%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":1.88,"U11.SI":1.92,"ES3.SI":1.88,"S68.SI":1.81},"content_text":"Singapore shares closed lower on Tuesday, tracking overnight Wall Street losses as investors' sentiment was weighed down by revived tariff worries.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,981.37 and 5,022.99 throughout the day. It ended the session at 5,020.79, down 20.54 points or 0.4% compared to Monday's close.On the corporate front, shares of United Overseas Bank (SGX:U11) were down over 4% at the close as the bank's net profit in the second half of 2025 declined by 41% to SG$1.85 billion from SG$3.13 billion a year earlier.MoneyMax Financial Services' (SGX:5WJ) shares slumped nearly 7% as its attributable profit to the owners rose 94% in the second half of 2025 to SG$42.0 million from SG$21.6 million a year earlier.Meanwhile, shares of Kim Heng (SGX:5G2) were down over 3%, with the company expecting to book a net loss in 2025, compared with a profit of SG$270,000 a year earlier.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}