Singapore stocks on the back foot
Amid a lack of market drivers, a quieter week is expected as many Asian markets close for Chinese New Year holidays
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SINGAPORE stocks got off the week on the back foot on Monday, with the local benchmark edging lower amid a lack of market drivers.
The Straits Times Index closed at 3,280.09 on Monday, down 0.03 per cent or 0.94 points, following a session which hinted at active trading among penny stocks, and saw temporary glitches in the Singapore Exchange's website.
Advancers outpaced decliners 202 to 192 on the local bourse, while 12 of the index's 30 stocks finished in the red.
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