SGX ekes out marginal loss ahead of US holiday

The MSCI Asia Pacific Index was little changed after the gauge finished the second quarter with a gain of 5.2 percent.

singapore trader
An office worker walks past a logo of the Singapore Stock Exchange (SGX) outside its premises in the financial district of Singapore. REUTERS

Singapore equities nudged lower on Monday, starting the new month on a somber note, with shares in Asia mixed after stellar first half.

Trading across Asia was muted at the start of the holiday shortened week in the US The New York Stock Exchange closes early on Monday, at 1 p.m. local time, ahead of the Independence Day holiday on July 4.

The MSCI Asia Pacific Index was little changed after the gauge finished the second quarter with a gain of 5.2 percent.

The dollar index, which compares the greenback against a basket of major currencies, rose from a nine-month low on Monday.

The Straits Times Index fell 0.09 percent or 3 points to end at 3,223. It closed 1 percent lower on Friday, taking the year-to-date gains to 12 percent.

Shares of Disa, a maker of foundry machinery and filters, jumped 8 percent while advisory services provider British & Malayan Trustees gained 6.5 percent.

Great Eastern Shipping Company shares rose 2.4 percent.

Among the laggards, warehouse operator Global Logistic Properties declined 0.4 percent after the company said it received 'firm proposals' from shortlisted bidders.

About 1.2 billion shares worth S$845 million changed hands, with gainers outnumbering losers 212 to 197.

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