Greece back on investors' radar screen

GREECE hasn't figured much on the radar of investors for many months. But it did on Tuesday because of the prospect of fresh parliamentary elections and the increased political uncertainty which the country faces in the weeks ahead.

This resulted in a sell-off that pulled the Nikkei 225 and Hang Seng indices down 1.6 and 1.1 per cent respectively and cut 1.58 points off the Straits Times Index (STI) at 3,366.11. However, the latter was also an overdue correction, with the STI having bounced 152 points in the previous eight consecutive sessions.

Turnover was at one billion units worth S$704 million, an improvement over Monday's paltry S$580 million. Excluding warrants, the advance-decline score was 194 to 197.