Wall St's all-time high fails to rouse local bourse

THOUGH the Dow Jones Industrial Average closed for the first time in history above 16,000 on Thursday, the local stock market did not welcome the news, with the Straits Times Index trading in the red for the entire day before a last-minute push saw it close virtually unchanged at 3,172.85, for a gain of 0.47 of a point. For the week, the index lost 29 points or 0.9 per cent.

Dearth of liquidity has been a major problem for several weeks now and yesterday was no exception …