The Singapore stock market on Monday snapped the three-day winning streak in which it had advanced more than 35 points or 1.1 percent. The Straits Times Index now rests just beneath the 3,240-point and it may take further damage on Tuesday.
The global forecast for the Asian markets suggests mild consolidation thanks to soft economic data and falling crude oil prices. The European and U.S. bourses were down and the Asian markets figure to open in similar fashion.
The STI finished barely lower on Monday as losses from the properties were offset by support from the industrials and a mixed performance from the financial sector.
For the day, the index eased 1.70 points or 0.05 percent to finish at 3,238.31 after trading between 3,229.26 and 3,244.98. Volume was 1.49 billion shares worth 958 million Singapore dollars. There were 225 decliners and 221 gainers.
Among the actives, Hutchison Port Holdings shed 1.22 percent, while Ascendas REIT lost 1.12 percent, Yangzijiang Shipbuilding climbed 0.79 percent, United Overseas Bank fell 0.73 percent, Oversea-Chinese Banking Corporation collected 0.28 percent, SembCorp Industries jumped 0.64 percent, Wilmar International gained 0.56 percent and SingTel fell 0.26 percent.
The lead from Wall Street is weak as stocks showed a lack of direction on Monday before ending slightly lower.
The Dow slipped 22.25 points or 0.1 percent to 21,184.04, while the NASDAQ dipped 10.11 points or 0.2 percent to 6,295.68 and the S&P fell 2.97 points or 0.1 percent to 2,436.10.
In economic news, the Institute for Supply Management noted a mild slowdown in the pace of growth in the service sector in May. Also, the Commerce Department saw a modest drop in factory orders in April, and the Labor Department said labor productivity was unchanged in Q1.
Crude oil futures continued to fall Monday, sliding near $47 a barrel amid concerns that a rift between Middle East oil producers will threaten OPEC's supply quota plan. July WTI oil fell 26 cents or 0.6 percent to $47.40/bbl.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.