Week when market slides on triple woes

SINGAPORE shares lost 1.6 per cent over the past week as the local market was afflicted by wariness over interest rates, Greece and China.

The Straits Times Index closed at 3,300.96 on Friday, a modest gain of 0.54 point, or about 0.02 per cent, on the day. But with three negative sessions over the week, the market benchmark headed into the weekend less than where it stood one seven days earlier.

Gainers outnumbered losers 242 to 179, or about four stocks up for every three down, on Friday.

Uncertainty over the US Federal Reserve meeting that ended early Thursday Singapore time weighed on sentiment early in the week, while the prospect of a Greek default and ongoing volatility in the Chinese stock markets kept investors on their toes as the week …