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Blue chips shield market amid penny storm

Total market cap of Singapore companies falls just 0.4% in October

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THE value of Singapore-listed shares stayed mostly flat in October, but a closer look reveals a tale of two markets with battered penny stocks on the one hand and resilient large caps on the other - PHOTO: SPH

THE value of Singapore-listed shares stayed mostly flat in October, but a closer look reveals a tale of two markets with battered penny stocks on the one hand and resilient large caps on the other. "I guess generally the blue chips saved the day," DMG & Partners head of research Terence Wong

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