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STI slides with oil on Q1's final trading day
Brent crude had traded below US$39 for most of the day; the blue chip that bucked the downtrend was SGX, which rose 5 cts
Add BT as a preferred sourcePublished Thu, Mar 31, 2016 · 09:50 PM
THE positive Wednesday vibes from US Federal Reserve chair Janet Yellen's comment about the Fed proceeding "cautiously" evaporated on Thursday, as oil prices fell from the US$40-a-barrel mark.
Singapore's benchmark Straits Times Index (STI) closed 31.88 points lower to 2,840.90, down 1.1 per cent. About 2.35 billion shares worth S$1.33 billion changed hands, with losers outnumbered gainers 224 to 161, or about seven down for every five up.
Brent crude prices had traded below US$39 for most of the day, after hitting US$40.50 on Wednesday night.
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