LOCAL shares remained range-bound on Thursday as traders digested the implications of resurgent Covid-19 cases in the United States and Beijing, and decided that they were not entirely convinced that all the bad news has been priced in.

The Straits Times Index (STI) finished 3.96 points or 0.15 per cent lower at 2,665.66. Losers outnumbered gainers 198 to 195, with 1.41 billion securities worth S$1.18 billion traded.

Catalist-listed Medtecs International, which makes medical consumables like patients' apparels, disposable surgical masks, boot covers, surgical gowns and bed linens, was the most actively traded counter, surging 4.5 Singapore cents or 16.36 per cent to S$0.32 on volume of 106.3 million.