The Singapore stock market finished volatile session notably below unchanged line on Monday, 29 May 2023, as weaker than expected prices of manufactured products and import price Index data for April, casted a shadow over the optimism which followed the tentative agreement to raise the US debt ceiling.
At closing bell, the Straits Times Index (STI) index was down 12.17 points, or 0.38%, to 3,195.22 after trading between 2,969.95 and 3,394.21. Volume of 1.38 billion shares worth S$827.86 million changed hands. There were 259 gainers and 305 decliners.
ECONOMIC NEWS: The Singapore Manufactured Products Price Index edged up 0.3% month over month in April, extending the 0.9% increase recorded in the preceding month, the Department of Statistics Singapore reported Monday. The Oil index dropped 0.5%, extending the 2.0% decrease in the previous month. The Non-oil index rose 0.4% in April 2023, continuing the 1.4% increase in March 2023. On yearly basis, Manufactured Products Price Index dropped 4.6% YoY in April, as against 4.4% contraction in April 2022.
Additionally, Singapore's Import Price Index increased 1.2% month over month in April, extending the 0.4% increase in the preceding month, the Department of Statistics Singapore reported Monday.
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