STI falls for 3rd day but clings to 3,000

SELLING of the three banks on Wednesday helped drag the Straits Times Index to its third consecutive loss, down 12.55 points to 3,000.22.

Turnover amounted to 1.6 billion units worth S$1.1 billion, the dollar value elevated by volume done in the banks which was S$224.6 million, or 20.3 per cent of the total.

Excluding warrants, there were 241 rises versus 197 falls so the session was more mixed than the index's reading would indicate.