STI's decline continues on China, US rate concerns
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THERE were four trading days in this holiday-shortened week, three of which ended with the Straits Times Index in the red. The single rise was on Monday when the gain was a paltry two points, not enough to compensate for falls on the other days. On Friday, the STI dropped 13.1 points to 2,832.64, bringing its net loss for the week to 47 points or 1.6 per cent.
Daily turnover has picked up in recent sessions - on Friday, 1.4 billion units worth S$1.2 billion were done, above the uninspiring S$1 billion mark that has become the market's daily norm this year.
Friday's business was boosted by relatively heavy trading of blue chips - Singtel, which dropped S$0.06 to S$3.64 on volume of 45.3 million shares, and Neptune Orient Lines (NOL), which rose S$0.035 to S$1 with 24.3 million shares done.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
