Trading ennui sets in as STI closes flat
Fears of more fallout in the beleaguered O&G sector, uncertainty over US rate hike timing keep trading sentiments on low drive
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SHARE prices on the local bourse had little choice but to start the week on a bearish hum as trading ennui set in following Wall Street's lower close last Friday and the absence of price-moving catalysts.
The key Straits Times Index slipped 2.83 points, or 0.10 per cent, to 2,841.19 on Monday on a lacklustre trading day with 1.14 billion shares worth S$644 million traded.
Fears of more fallout in the beleaguered oil and gas sector, a bummer of a results season against a waning macro backdrop and uncertainty over the timing of the US rate hike kept trading sentiments on low drive.
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