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Singapore stocks close weak in low volume
ONE way of gauging the interest in local stocks is by the number of queries levelled by the Singapore Exchange (SGX) to companies when their shares exhibit unusual activity. Over the past fortnight, such queries have been relatively frequent, averaging at least one or two per day.
On Tuesday, one of the quietest sessions this year when the Straits Times Index drifted to a 2.63 point loss at 2,854.05, there were no queries. Turnover was a weak 1.5 billion units worth S$765.4 million and excluding warrants there were 171 rises versus 230 falls.