STI stays around 3,300; pennies in action

AS the sun rises on another week of earnings results, Singapore's Straits Times Index (STI) continued swinging around the 3,300-point line, opening below it but ending above it at 3,310.80 points, 0.1 per cent lower from Friday's close. The market was digesting last week's raft of reports and awaiting those ahead.

The blue-chip index was weighed down by a fall in OCBC, DBS, Genting Singapore and CapitaLand, against a rise in UOB, Singtel, Ascendas Reit and CapitaLand Mall Trust.

Penny action stayed strong though traded value was below the S$1-billion mark. About 3.26 billion shares worth S$958 million in total changed hands, which worked out to an average unit price of S$0.29 per share. Losers outnumbered gainers 264 to 185.