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Singtel, HK Land drag STI lower

The two stocks together cut 14 points off the index, outweighing gains in other blue chips

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The Straits Times Index (STI), which last Wednesday had been pushed up 20 points, on Monday fell back by 14.36 points or 0.4 per cent to 3,421.30, dragged lower mainly by selling of Singtel and Hongkong Land (HKL).

THE Straits Times Index (STI), which last Wednesday had been pushed up 20 points, on Monday fell back by 14.36 points or 0.4 per cent to 3,421.30, dragged lower mainly by selling of Singtel and Hongkong Land (HKL).

The session was otherwise relatively tame and unremarkable - turnover of 1

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