An anti-climactic 2016 finish for the ST Index

A QUIET week ended on Friday with the Straits Times Index first rising close to 2,900 but eventually settling back at 2,880.76 for a net loss of 8.39 points for the day and a loss of 0.07 per cent for the year.

For the week, the index managed to add about nine points or 0.3 per cent. Volume throughout the week was low at between S$500 million and S$600 million between Tuesday and Thursday, though it did spike to 1.4 billion units worth S$820.1 million on Friday. The advance-decline score excluding warrants was 243-169.

Traders who were hoping for a final-day window-dressing push on the STI were left disappointed, possibly victims of "buy in anticipation, sell on the day" as the index had risen on Tuesday and Wednesday.