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Uneventful session sees STI slide

STI settles at 3,056.47, down 11.05 points, but there is noticeable pick-up in property stocks and Reits

Published Wed, Aug 28, 2019 · 09:50 PM

WITH neither economic data releases to ponder over nor updates from the US-China trade front, Wednesday's session was mostly uneventful.

But for a day of light trading, there was a noticeable pick-up in property stocks and real estate investment trusts (Reits).

The Straits Times Index (STI) opened slightly higher but retreated as the session wore on, eventually settling at 3,056.47, down 11.05 points or 0.4 per cent. The blue chip index is down 0.4 per cent in 2019.

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