STI ends sweet week on sour note

THE Singapore market's eight-day rise came to an end yesterday as traders took profit in counters like UOB, DBS and SingTel. The Straits Times Index (STI) closed down 3.72 points at 3,350.17, after a fresh one-year high of 3,353.89 points on Thursday.

Total turnover, however, was below the S$1 billion mark. Some 1.4 billion shares worth S$918.6 million changed hands. There were 225 gainers to 226 losers.

There was no direction to be taken from US stocks, which ended mostly flat on Thursday after disappointing housing data.