Banks among biggest drags as STI slips

SINGAPORE shares fell on Monday as the weekend's failed Greece talks, a selloff in China and anticipation before a US Federal Reserve meeting later in the week hit the market on several fronts.

The Straits Times Index slipped 0.9 per cent, or 30.72 points, to head out at 3,323.13.

Monday's market was quieter than usual, with only about 1.05 billion shares changing hands. That was 62 per cent of the daily average volume for the first five months of the year. In value terms, total turnover was S$937 million, or 79 per cent of the January-to-May daily average.