Traders await Deutsche Bank news

TRADING on Monday was mainly listless and cautious as traders waited for further developments in Germany surrounding the fate of Deutsche Bank. However a firm opening of Europe in the late afternoon which led to a 20-point rise in the Dow futures helped the Straits Times Index to a 1.37- point gain at 2,870.84.

Turnover was a poor one billion units worth S$613 million, one of the worst dollar totals this year. Excluding warrants there were 203 rises versus 167 falls.

Within the index Singtel stood out with a S$0.04 rise to S$4.01 on volume of 18 million that added about four points. Second liners in play included QT Vascular, SunMoon Food, Ying Li, Allianc…