Broad-based selling drags STI below 3,300

THE Straits Times Index (STI) sank 26.55 points or 0.8 per cent to 3,297.84 in tepid trading on Monday in which an uninspiring 1.3 billion units worth S$1.02 billion was done. The selling within the index was fairly broad- based and included banks, Jardine stocks and SingTel. Excluding warrants, the advance-decline score for the entire market was 135 to 273.

The weakness here came despite a positive session for Hong Kong, a…