STI declines after Friday's 2.6% jump

NOT surprisingly, Friday's window-dressing push ran out of puff on Monday, leaving the Straits Times Index (STI) nursing a 26.7 points or one per cent loss at 2,602.41.

Offshore and marine (O&M) stocks came under renewed pressure, as did the three banks and Singapore Telecommunications (Singtel). Volume fell from Friday's 1.4 billion units to one billion units worth S$1.07 billion and the advance-decline score excluding warrants was 183-203.

Over in North Asia, the Hang Seng Index dropped 0.45 per cent and the Shanghai Composite 1.8 per cent after release of weak China economic data. The Dow fu…