STI retreats 0.5% in line with other Asian indices in muted trading
Top loser Dairy Farm International sees biggest full-day loss since April, in spite of "buy" calls from RHB and HSBC.
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THE Straits Times Index (STI) fell alongside other Asian indices in muted trading on Tuesday, retreating 11.4 points or 0.46 per cent to finish at 2,471.61.
In all, about 1.22 billion securities worth S$1.06 billion changed hands, with losers outnumbering gainers 244 to 178.
The index's top loser was retail company Dairy Farm International, which lost US$0.15 or 3.8 per cent to US$3.76. At one point, it fell more than 4 per cent intra-day - more than any full-day loss it has ever incurred since April 21 this year, Bloomberg data showed. This dip happened in spite of two raises to "buy" calls on the counter by RHB Research and HSBC last week.
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