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Investors show no love for mixed Fed signals

STI swings between positive and negative territory before closing at 3,158.80, down 8.04 points; trading remains muted

Published Thu, Sep 19, 2019 · 09:50 PM

SINGAPORE stocks fell on Thursday after the US central bank delivered a widely-expected rate cut but provided limited insight on its next course of action for the year.

The Straits Times Index (STI) opened on higher ground but for the most part, moved between positive and negative territory before finishing the day at 3,158.80, down 8.04 points or 0.25 per cent. Losers outpaced gainers 193 to 163.

On Wednesday, the STI lost 0.51 per cent or 16.16 points to close at 3,166.84.

Trading activity remained muted, with 845.89 million shares worth S$872.93 …