STI stocks active in end-of-month trading
Possibility of window-dressing but index emerges weaker after post-closing adjustments due to last-minute selling
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MONDAY'S column suggested that the Straits Times Index (STI) might see some month-ending window-dressing and given that volume in the 30 STI components spiked up to 400 million units worth S$1.3 billion - about twice last week's average - this was likely the case.
However, the index lost an eight-point gain at 5pm, due to last-minute selling of several index stocks, to close a net 3.18 points weaker at 2,855.94 after the post-closing adjustments at 5.10pm.
Overall, turnover amounted to 1.4 billion units worth S$1.7 billion and excluding warrants, there were 166 rises versus 225 falls.
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