Singapore stocks get the blues

THEY do not call it Monday blues for nothing. Now, the local market would be a classic example of that, with shares ending slightly lower on the back of depressing earnings news from Singapore's largest lender, even though Wall Street closed at record highs over the weekend.

The benchmark Straits Times Index (STI) finished down 0.46 point or 0.01 per cent to close at 3,381.85, mainly dragged by banking stocks.

Turnover for the day was 2.7 billion valued at S$1.3 billion, working out to an average of S$0.48. Excluding warrants, the advance-decline score was 209 to 239.