STI moves sideways as tech stocks swing

CRABS have been unleashed on the Singapore Exchange (SGX). And we're not just talking about No Signboard, the pepper crab restaurant with beer ambitions that spent its first day of trading shuffling up and down.

The benchmark Straits Times Index is also moving sideways. It fell as much as 20 points but clawed its way back to close at 3,433.54 points, down 5.45 points or 0.16 per cent.

The broader market continues to decline, with losers outnumbering gainers 287 to 175.

But significantly heavy trading was seen, with some 2.9 billion shares worth …