STI finishes the week in sniffles, down 1.2%

THE Singapore stock market continued its retreat on Friday, with the Straits Times Index (STI) down 17.65 points or 0.55 per cent to 3,181.03. This marks a 1.2 per cent decline over the course of the whole week.

About 1.62 billion shares worth S$1.23 billion changed hands. Two stocks declined for every one that gained.

Among the biggest losers were the Singapore Exchange (SGX), United Overseas Bank (UOB) and Hongkong Land.

Coming off a recent rally, which saw the stock gain 7 per cent over eight sessions to S$9.39…

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