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Banks continue to drag STI lower

Banks' exposure to the oil and gas sector back in the limelight; they account for 21 per cent of the market's turnover

Published Wed, Aug 16, 2017 · 09:50 PM

WEAKNESS in the three banks following fresh concerns over their oil and gas (O&G) sector exposure was the main factor behind the 15.98- point loss at 3,278.95 that the Straits Times Index (STI) suffered on Wednesday. It did, however, manage to rebound almost 20 points off its intraday low of 3,259.

A fair bit of this recovery was from OCBC,…

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