STI slips 0.1% as SIA continues descent

But the decline in the blue chip-dominated index doesn't reflect a slightly better day for most stocks

Published Mon, May 22, 2017 · 09:50 PM

SINGAPORE stocks failed to hold on to midday gains on Monday, with the Straits Times Index slipping 0.1 per cent, or 3.35 points, to close the day at 3,213.57.

The decline in the blue chip-dominated index, however, did not reflect a slightly better day for most stocks. Gainers just edged out losers 225 to 214.

A total of 2.0 billion shares worth S$1.13 billion changed hands, representing an average turnover of 55.4 Singapore cents per trade. Monday's traded volume was about 82 per cent of the daily average of 2.5 billion shares over the first four months of the year. The turnover was 93 per cent of the first four months' daily average of S$1.2 billion.