STI gains eight points in broadly weak session

TRADING in the local market remained quiet and inactive even as some prices were lifted by hopes that Greece will eventually be bailed out and remain in the eurozone.

Among the stocks to benefit were Straits Times Index (STI) heavyweights Singtel and the banks, thus enabling the index to register a 7.99-point rise to 3,340.93.

However, excluding warrants there were 183 rises versus 238 falls, suggesting the session was weaker than the index's movement suggests.

Turnover, in the meantime, was a mediocre 1.2 billion units worth S$989 million, in keeping with most days this year, with sentiment possibly even further affected by concerns over whether Gree…