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Buying fails to reach broad market

Weak turnover and more activity in penny stocks - of the 10 most liquid stocks, seven were priced below 50 cents

Published Mon, Mar 16, 2015 · 09:50 PM

MONDAY'S session for the local stock market was marked by wave of short covering in Straits Times Index (STI) stocks ahead of an expected rebound on Wall Street. However, even though the STI recorded a seemingly impressive 13.27 points rise to 3,376.04, the buying did not extend to the broader market - at 5pm, there were only 155 rises versus 284 falls in total.

Also worth bearing in mind was that the STI fell every day last week…

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