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Trading slows ahead of CNY holidays

Transcorp Holdings surges 4.6 S'pore cents or 35% to 17.8 S'pore cents on volume of 4.8 million, drawing query from SGX

THE closure of Wall Street for President's Day on Monday and the approaching Chinese New Year holidays meant that Tuesday's session for the local market was largely nondescript, the Straits Times Index (STI) dropping 11.25 points to 3,415.91 on low volume of 995 million units worth S$936 million.

Index stocks that contributed the most to the loss were UOB and Singtel, the former's 29 cent slide to S$22.95 on volume of 3.2 million cutting four points off the STI, while the latter's four-cent fall to...

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