STI weakens for fourth straight day
Index briefly steps into negative territory for the year on Thursday, but late rebound gives hope for Friday
THE Straits Times Index's (STI) losing streak extended into a fourth consecutive session on Thursday, this time with a 4.99-point loss at 3,373.60. Since closing at 3,417 last Friday, the STI has now lost a total of 44 points or 1.3 per cent over the four days, briefly entering negative territory for the year on Thursday when it touched a low of 3,357.
For 2015 it is now up just eight points; however, given that it bounced 16 points of its intraday low, there were hopes that it would close Friday in the black, most probably on the back of an anticipated Thursday rebound on Wall Street.
Turnover was 1.3 billion units worth S$1 billion which was below the S$1.2 billion average for the week so far, and excluding warrants there were 188 rises versus 228 falls. Of the top 20 actives, 13 were priced below S$0.50, with the list headed by Armarda at S$0.005 and SIIC Environment at S$0.145.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Booking says room reservations to slow amid Middle-East conflict
CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings in Hyderabad
Block raises annual forecast on resilient consumer spending
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Apple profit ebbs as iPhone sales under pressure
DBS customers unable to log into digibank, PayLah! on Thursday