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A bull in a China shop

Straits Times Index slips 32.33 points; penny stocks with 'China' tag run wild

SINGAPORE'S stock market closed one per cent lower on Tuesday with the Straits Times Index retreating 32.33 points or one per cent to 3,281.09. Penny stock activity was rampant. Some 2.3 billion shares worth S$1.37 billion in total changed hands, which worked out to an average unit price of S$0.