STI falls 30.8 pts after 100-pt gain in 2 days

A SLIP in the price of oil, softness in the Dow futures and a one per cent drop in the Hang Seng Index led to a 30.79-point or 1.2-per cent loss for the Straits Times Index to 2,613.79 on Wednesday, as it gave back some of the 100 points it had gained on Monday and Tuesday.

However, the index did manage to stabilise in the late afternoon after Europe opened in the black and the Dow futures trimmed its earlier losses.

Turnover remained elevated at 972 million units w…