Singapore: STI stays flat as Greece, China dampen market
Add BT as a preferred sourceSingapore shares stayed mostly flat on Friday, with the Straits Times Index inching up by 0.54 point to close at 3,300.96 as caution about Greece and a Chinese bubble weighed on the market.
Modest gains by Singapore Telecommunications, up 0.7 per cent or 3 Singapore cents for a S$4.23 close, and the banks helped to support the index despite a 1.2 per cent drop by Jardine Cycle and Carriage after it announced a rights issue.
About 1.37 billion shares worth S$1.32 billion in total changed hands, which worked out to an average unit price of S$0.97 per share.
The most actively traded stock was Stratech Group, which rose S$0.008 to S$0.043 with 90.8 million shares changing hands.
Gainers outnumbered losers 242 to 179, or about four up for every three down.
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