Mixed session as momentum of last 2 weeks stalls

THE Straits Times Index on Monday drifted to a 6.11-point loss at 3,024.5 in low volume of 1.7 billion units worth S$747.3 million. China's weak third quarter GDP numbers probably played a part, as did mixed sessions for Hong Kong, China and the Dow futures.

Turnover in the 30 STI components amounted to S$456 million, or about 61 per cent of the whole market's business. Excluding warrants, there were 269 rises versus 187 falls.

Brokers said that the momentum of the past fortnight - which was probably also embellished by large doses of short-covering - appears to have stalled.