STI volatility punctuates another 'blah' day
SGX shares make big bounce, sparking query from Monetary Authority of Singapore; turnover poor with 908.6m units traded
APART from a large bounce in the shares of the Singapore Exchange (SGX), followed by a bizarre query from the Monetary Authority of Singapore and a volatile session for the Straits Times Index (STI), there really wasn't much about Wednesday's session to inspire anyone looking to either get in or out of local equities.
"It was another 'blah' day, just like most of the other 'blah' days this year," said a dealer, summing up sentiment nicely.
The STI first raced off to an intra-day high of 3,342, as short-covering momentum from Tuesday carried into Wednesday. However, by early afternoon, it began sliding, and at one stage looked in danger of closing in the red. A late afternoon push however, enabled it to record a nett gain of 13.81 points for the day at 3…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints