STI drops as 'relief rally' fizzles out
But broad market sees gainers outdo losers at ratio of four to three; market turnover weak at S$693 million
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SINGAPORE stocks slipped into midweek languor on Wednesday after the previous day's "relief rally" following a presidential debate in the United States that seemed to indicate the world's biggest economy may avert a Trump presidency after all.
The benchmark Straits Times Index (STI) dipped 0.1 per cent in the session, shedding 2.22 points to finish at 2,858.01.
Wednesday also happened to be the day the Opec (Organization of the Petroleum Exporting Countries) oil cartel and Russia were to meet in Algeria to discuss a global oil glut, which may have led many traders to stay out of the market prior to the outcome of their talks.
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