Shares dip in uninspiring session

IT was a nondescript market trading day, as Singapore shares defied Wall Street's Friday rally to dip lower on Monday, with the Straits Times Index (STI) declining for the fourth consecutive session, this time by 13.85 points or 0.39 per cent to 3,498.29.

Market-watchers remarked that the Singapore market appears to be still weak and trading sideways following the correction in late January through early February.

Some buying activity crept back at some points on valuation grounds, but gains were also quickly lost in subsequent days.