STI ends flat after hitting 2016 high
Index fails to sustain early push from yet another Wall Street all-time high; broad market mixed with 240 rises and 216 falls
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THE Straits Times Index on Thursday first powered up to an intraday and 2016 high of 2,980 before wilting in the afternoon session to end at 2,958.86, a net loss of just 0.98 of a point. The broad market, however, was marginally firm, recording 240 rises versus 216 falls.
Turnover amounted to 1.8 billion units worth S$1.4 billion, in line with post-US election daily averages.
The early push came from yet another all-time high on Wall Street on Wednesday and a relatively firm session for the Dow futures - at 5pm, the contract gained just five points, suggesting a slightly firm opening for Wall Street on Thursday.
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