STI ends volatile week 7 points lower at 2,649.38
OVER the course of the past five days, trading in the Straits Times Index was directed mainly by external considerations, namely oil prices, the Dow futures and China. All three rarely moved in tandem with each other, making for a volatile week here - the STI rose on Monday and Tuesday, fell on Wednesday and Thursday, then rebounded on Friday.
The net outcome was that the index recorded a loss of seven points or 0.3 per cent over the week at 2,649.38 - even with Friday's 45.98-point jump.
Perhaps more importantly, the majority of daily dollar volume was done in the 30 STI members. On Friday, when 1.2 billion units worth S$1.08 billion were traded, S$688.5 million or 64 per cent came from index com…
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