ST Index falls for third straight day
But mixed session sees an almost evenly matched 222 rises to 234 falls in the broad market
Add BT as a preferred sourceA GENERALLY lacklustre and mixed session on Thursday ended with the Straits Times Index (STI) 10.07 points lower at 3,268.88 and the broad market excluding warrants at an almost even 222 rises versus 234 falls.
It was the third consecutive loss for the index after Monday's 29-point jump. Between Tuesday and Thursday, the index has fallen back by about 40 points.
Lingering geopolitical uncertainties, a fall in the Dow futures and a weak opening for Europe were cited as the main factors behind the softness here, though equally likely as far as the local market is concerned is that most of the positive earnings news has already been priced in.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Bessent’s bond manoeuvres giving global debasement trade new life
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
