STI ends a tad lower as caution reigns

Investors seen waiting to hear from the US and EU central bankers before making their moves

Published Wed, Aug 23, 2017 · 09:50 PM

THIN volumes and cautious anticipation of key end-of-week central bankers' speeches created a stock market on Wednesday that was both up and down, nowhere and everywhere.

The Straits Times Index (STI), the benchmark by which the Singapore stock market is measured, opened higher in a continuation of the day-before's rally. But the STI lost the high ground over the day, eventually finishing the day down 0.11 per cent, or 3.74 points, to close at 3,260.05.

But while the blue chips that make up the STI may have had a tough day, the rest of the market fared better. In fact, gainers outnumbered losers 246 to 149, which meant that five stocks enjoyed a…