<div id="readability-page-1"><div><p>[SINGAPORE] Singapore stocks ended lower on Wednesday (May 20).</p><p>The benchmark Straits Times Index (STI) lost 0.5 per cent or 27.43 points to finish at 5,044.91.</p><p> Wilmar International  led the gainers on Singapore’s blue-chip index, rising 2.2 per cent or S$0.08 to end at S$3.73.</p><p>It was the worst STI performer on Tuesday, having fallen 1.6 per cent.</p><p>The worst performer among STI constituents on Wednesday was  Yangzijiang Shipbuilding , falling 3.3 per cent or S$0.13 to close at S$3.81.</p><p>The local banks all ended lower.  DBS  lost 1.1 per cent or S$0.70, closing the day at S$61.30.</p><div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p> OCBC  fell 0.8 per cent or S$0.19 to S$23.24, and  UOB  was down 0.4 per cent or S$0.16 at S$37.59.</p><p>The iEdge Singapore Next 50 Index lost 0.9 per cent or 14.21 points to 1,531.14.</p><p>Within the index,  Frencken  was the top gainer, rising 8.5 per cent or S$0.24 to finish at S$3.05, while  First Resources  was the top loser, falling 5.9 per cent or S$0.19 to end the session at S$3.03.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="1335" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/22d1a2a5bc2b119190dd68140cae1f745e514ac7dc93c659f81bf46cbb915a01/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2000" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/22d1a2a5bc2b119190dd68140cae1f745e514ac7dc93c659f81bf46cbb915a01/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Japan's Nikkei ends near three-week low as AI-stock selloff weighs</span></h3><p></p></div></div><div><div><div><p><img height="444" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/406434a2a1d4f89a02eb409da5eb50938759845f576edfe4e8c4edc42a69f5ef/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="623" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/406434a2a1d4f89a02eb409da5eb50938759845f576edfe4e8c4edc42a69f5ef/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>QAF-owned Gardenia axes 141 staff in Singapore, shifts production to Johor Bahru</span></h3><p></p></div></div><div><div><div><p><img height="1471" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/903188ed581066707b58e680a2a536fef5b9bdf21145928404824d5818d0981b/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2200" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/903188ed581066707b58e680a2a536fef5b9bdf21145928404824d5818d0981b/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Former Citiraya CEO hit with fresh charges spanning corruption, money laundering</span></h3><p></p></div></div></div></div></div></div><p>Across the broader market, gainers were outnumbered by losers 258 to 344, after 1.6 billion securities worth S$2.3 billion changed hands.</p><p>Key regional indices were negative.</p><p>Hong Kong’s Hang Seng Index lost 0.6 per cent, Japan’s Nikkei 225 index fell 1.2 per cent, South Korea’s Kospi was down 0.9 per cent and the FTSE Bursa Malaysia KLCI declined 0.6 per cent.</p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

<p>Singapore stocks closed lower on May 20, with the Straits Times Index (STI) down 0.5% to 5,044.91. Wilmar International gained 2.2%, while Yangzijiang Shipbuilding fell 3.3%. Local banks also declined, with DBS down 1.1%. The iEdge Singapore Next 50 Index dropped 0.9%. Overall, losers outnumbered gainers 344 to 258, amid negative regional indices.</p>

Businesstimes News

FTSE Straits Times Index

Wilmar

YZJ Shipbldg SGD

OCBC Bank

Frencken

First Resources

Hang Seng Index

YZJ Shipbldg RMB

United Overseas Bank (UOB)

Singapore stocks end lower amid downbeat regional showing; STI down 0.5%