Singapore: STI stays flat as Greece, China dampen market

Singapore shares stayed mostly flat on Friday, with the Straits Times Index inching up by 0.54 point to close at 3,300.96 as caution about Greece and a Chinese bubble weighed on the market.

Modest gains by Singapore Telecommunications, up 0.7 per cent or 3 Singapore cents for a S$4.23 close, and the banks helped to support the index despite a 1.2 per cent drop by Jardine Cycle and Carriage after it announced a rights issue.

About 1.37 billion shares worth S$1.32 billion in total changed hands, which worked out to an average unit price of S$0.97 per share.

The most actively traded stock was Stratech Group, which rose S$0.008 to S$0.043 with 90.8 million shares changing hands.

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