STI finishes the week in sniffles, down 1.2%

THE Singapore stock market continued its retreat on Friday, with the Straits Times Index (STI) down 17.65 points or 0.55 per cent to 3,181.03. This marks a 1.2 per cent decline over the course of the whole week.

About 1.62 billion shares worth S$1.23 billion changed hands. Two stocks declined for every one that gained.

Among the biggest losers were the Singapore Exchange (SGX), United Overseas Bank (UOB) and Hongkong Land.