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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

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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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