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Penny activity, Jardine block deal dominate

STI up just 2.91 points as markets await hints from Fed meeting about rate hike in September

The Straits Times Index was flat, up just 2.91 points to 3,284 as markets awaited hints from the ongoing US Federal Reserve meeting that rates will rise in September.

PENNY-STOCK activity in Singapore was still higher than usual on Wednesday, with anecdotal evidence of Chinese money playing up small-cap stocks. Elsewhere in the region, China stocks recovered 3 per cent and most bourses were slightly positive.

The Straits Times Index was flat, up just 2

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