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STI dragged lower by DBS, OCBC selling

Index could range between 2,900 and 2,960 unless there's a window-dressing rally next week: CMC Markets

Published Tue, Dec 20, 2016 · 09:50 PM

SELLING of DBS Group and OCBC Bank shares on Tuesday meant the Straits Times Index (STI) finished the session 1.77 points lower at 2,911.31. Turnover, which dipped below one billion units on Monday for the first time in about a month, amounted to 1.6 billion units worth S$977 million and, excluding warrants, there were 175 rises versus 270 falls.

Two factors were said to be responsible for the drop…

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