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Banks, Jardine push STI down 14.65 points

Turnover dips below the S$1-1.1b average of the past week - there is speculation that the market is settling back to its familiar slow state

Published Thu, Feb 26, 2015 · 09:50 PM

Stocks

PRESSURE on the banks and Jardine stable on Thursday meant that the Straits Times Index ended the session with a 14.65-point loss at 3,426.18. Turnover at 1.1 billion units worth S$946.2 million was below the S$1-1.1 billion average of the past week. Excluding warrants, there were 188 rises versus 225 falls.

The weakness here was in contrast to Hong Kong where the Hang Seng Index traded in the black throughout the day before ending with a 0.5 per cent gain.

Brokers described the session as a continuation of 2014, when daily sessions in December saw volume dip regularly below S$1 billion.

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