Singtel falls 3.3% in STI retreat

Singapore

A BROAD market retreat on Monday resulted in the Straits Times Index (STI) falling 40.72 points to 2,791.92, its lowest level since the end of June 2012.

Singtel, the largest traded stock on the exchange, saw a 3.3 per cent or 12-cent drop in price to S$3.52. This represented more than 25 per cent or 11 points of the 40.72-point drop in the STI. Around 63 million Singtel shares changed hands during trade on Monday. The 3.3 per cent drop comes on the back of a 1.62 per cent drop on Friday, which saw 45.33 million shares changing hands.