ST Index slips in low volume
Turnover of S$988 million contrasts with the average of S$1.37 billion done from Monday to Wednesday
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TRADING in the local market on Thursday was much more subdued than in previous sessions, with volume amounting to just 2.4 billion units worth S$988 million, compared with the average of S$1.37 billion done between Monday and Wednesday and the S$1.75 billion traded on Friday last week.
This was evident as the Straits Times Index (STI) struggled throughout the day to stay in positive territory before finishing a net 1.31 points down at 2,809.12. It was also the first day since Feb 19 that turnover was less than S$1 billion.
Overseas markets provided little direction - the Hang Seng and Shanghai Composite fell slightly, as did the Dow futures, which at 5pm had dropped about 20 points.
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