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Stocks drift marginally lower

Market turnover picks up to S$978m from last week's S$770m average due to end-October "portfolio rebalancing"

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THE Straits Times Index drifted to a 2.39-point loss at 2,813.87 on Monday, the last day of October. Possibly thanks to month-ending "portfolio rebalancing", turnover amounted to 1.2 billion units worth S$978 million - still below the ballpark S$1 billion industry breakeven point but nonetheless...