Singapore's STI holds ground despite overnight US weakness

SINGAPORE shares overcame an overnight decline in the US markets to post a modest gain early Wednesday as the Straits Times Index edged up 0.02 per cent, or 0.75 point, to 3,414.01 as at 9:01am.

Among the most active counters was SIIC Environment Holdings, which rose 2 per cent or 0.3 Singapore cent to 15.3 Singapore cents after announcing an acquisition. K1 Ventures was active but flat at 20.5 Singapore cents.

A total of 30.8 million shares worth S$68.4 million had changed hands as at 9:01am. Losers outnumbered gainers 66 to 53.