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Modest gain for STI as reporting season nears

Trading quiet, with losers outnumbering gainers 193 to 188 despite the index's positive showing

SINGAPORE shares eked out a modest gain on a quiet Monday as investors stayed on the sidelines ahead of the coming reporting season. The blue-chip Straits Times Index (STI) gained 0.03 per cent or 0.92 point to close at 2,809.24. Despite the index's positive showing, losers just outnumbered gainers 193 to 188.

Trading activity was rather mundane. Total volume of the day was 1.1 billion shares, or 68.9 per cent or the year-to-date daily average of 1.6 billion shares. Turnover of S$760.3 million represented...

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