STI lethargy mirrors Greece deadlock

CALL it sympathy, solidarity or simply the stupor that the Singapore stock market finds itself bogged down in more often than not nowadays - the local blue-chip index mirrored the eurozone's apparent impasse over Greece's bailout proposal by refusing to yield much on Thursday.

The Straits Times Index (STI) slipped a marginal 1.46 points to 3,349.87, even as the rest of the region ended the day in the red. Turnover was also nothing to shout about, with about 1.26 billion shares worth a lukewarm S$940 million changing hands.

Regional markets mostly fell as talks between Greek officials and the country's creditors about a bailout fell apart on Wednesday night, just a few days before a June 30 deadline for Greece to make a debt repayment. However, eurozone officials still say a deal can be worked out.