SUBSCRIBERS

STI slips 0.4% as vaccine fever cools

Although the benchmark index closes at 2,777, analysts expect a pullback further below key resistance level of 2,800.

Published Thu, Nov 19, 2020 · 09:50 PM

THE Straits Times Index (STI) fell 11.59 points or 0.42 per cent to 2,777 on Thursday, in what IG senior market strategist Pan Jingyi described as "some cooling of the vaccine enthusiasm".

She added that the blue-chip index is expected to remain capped by resistances at around highs during the June-to-July period, and that it would likely need further booster shots of good news to break through that level.

About 1.76 billion shares worth S$1.61 billion changed hands on Thursday, with losers marginally outnumbering gainers 212 to 210.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes