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STI lags Asian stocks on cautious mood

Shares lose 1 point even as key regional bourses put on strong showing on China's fiscal moves

Published Tue, Jul 24, 2018 · 09:50 PM

SINGAPORE stocks ended flat on Tuesday, trailing behind Asian equities that advanced with China leading the charge, as the Chinese government moved towards policies that bolster its domestic growth.

The key Straits Times Index (STI) shaved off just 1.06 points to close at 3,292.65. Gainers outnumbered losers 219 to 169, with about 1.63 billion shares worth S$1.1 billion changing hands.

The most actively traded counter by volume was Allied Technologies, which ended flat at four Singapore cents, with 250.9 million shares traded.

Winners included DBS, which …