Trading ennui sets in as STI closes flat

SHARE prices on the local bourse had little choice but to start the week on a bearish hum as trading ennui set in following Wall Street's lower close last Friday and the absence of price-moving catalysts.

The key Straits Times Index slipped 2.83 points, or 0.10 per cent, to 2,841.19 on Monday on a lacklustre trading day with 1.14 billion shares worth S$644 million traded.

Fears of more fallout in the beleaguered oil and gas sector, a bummer of a results s…