Jardine group, banks drag STI lower

THE Straits Times Index (STI) on Wednesday fell 9.43 points to 3,236.65, dragged lower by weakness in the Jardine group and the three banks.

Turnover was a weak 1.9 billion units worth S$999 million and excluding warrants, there were 236 rises versus 184 falls throughout the whole market, so trading was slightly more firm than the index's reading might suggest.

The overall mixed session came despite yet another all-time closing high for all three major Wall Street indices - the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.