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Singapore shares close higher in lowest volume this year

Tuesday, April 12, 2016 - 17:33


ACTIVITY in local stocks ground to a virtual halt on Tuesday, with the Straits Times Index hardly budging throughout the session before ending a net 5.41 points higher at 2,814.65 on volume of 978.7 million units worth S$664 million, the lowest single-day total this year.

Overseas markets did not provide much direction - the Dow futures slipped marginally in the red throughout the day and at 5pm stood 15 points higher.

Under such trying conditions it was not surprising that brokers struggled to stay awake - those that did had to be content with punting small caps and second-liners.

As a result, all the top 20 actives were priced below S$1 and 16 below S$0.20. The average value per unit traded was S$0.67.

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One beneficiary of the punting of second-liners was Interra Resources, whose shares added S$0.015 or 15.6 per cent at S$0.111 on volume of 84.5 million, making it the day's most active stock.

Others that also enjoyed heightened trading included Ezra, Magnus Energy and China Sports.

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