Wall St blowout, oil's slide hit ST Index

THERE were no surprises in Monday's trading as the Straits Times Index dropped 37.76 points, or 1.4 per cent, to 2,593 following Friday's Wall Street blowout and a slide in oil to US$28 per barrel. Banks were the worst hit this time, though there was also pressure on offshore and marine (O&M) stocks, though Keppel Corp, which is due to release its 2015 results on Wednesday, managed a S$0.01 rise to S$4.85 with 10.8 million shares done.

Overall turnover was 1.45 billion units worth S$1.2 billion, the ninth consecutive day that business has crossed S$1 billi…