STI up but broad market down

Weakness likely because of anticipation of selling on Wall Street as Hang Seng declines and Europe opens in the red

THE Straits Times Index (STI) rose by 10.33 points to 3,444.57 points on Wednesday but the broad market weakened in low volume, recording an advance-decline score of 184-247. Traders felt the weakening was possibly in anticipation of Wednesday selling on Wall Street, given that the Hang Seng Index dropped almost 0.9 per cent and Europe opened in the red in the late afternoon.

Turnover amounted to 1.1 billion units worth S$974 million, down from Tuesday's S$1.1 billion and last week's S$1.2 billion...

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