STI weakens in line with soft Wall Street
It rebounds from intraday low of 2,999, suggesting that US worries may have been exaggerated
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A 50-POINT loss in the Dow futures contract that indicated Wall Street might struggle to make upward gains on Monday led to selling here, with the Straits Times Index (STI) finishing 11.95 points lower at 3,013.12 in thin volume of 2.8 billion units worth S$818 million.
Excluding warrants, there were 162 rises versus 277 falls. Unit volume was boosted by almost 900 million shares done in LionGold, the stock closing unchanged at S$0.001.
Despite the index's loss, it did manage to rebound off its intraday low of 2,999, suggesting that worries over Wall Street may have been slightly exaggerated.
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