Traders await Deutsche Bank news
ST Index ekes out 1.4-point gain following firm opening in Europe and rise in US futures
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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, Alliance Mineral and Cedar Strategic.
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