STI inches up 0.45% as uncertainties loom
LIKE a cautious driver lost in a foreign land, the Singapore stock market continued to creep along slowly in a rental car while trying to figure out directions printed in a strange language on a map that cannot be folded properly.
Such is the reality facing Singapore investors these days. With a crisis in Greece and a selloff in China heaping doubt into investors' outlook, the Straits Times Index (STI) gained a modest 0.45 per cent, or 14.89 points, to close at 3,342.73 on Friday.
The STI improved just 0.6 per cent over the week, struggling to make any meaningful move in either direction but sideways. Over the past four weeks, the index has traded within a range …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade