The Straits Times Index on Monday lost 6.11 points at 3,024.5 in low volume of 1.7 billion units worth S$747.3 million. China's weak third quarter GDP numbers probably played a part, as did mixed sessions for Hong Kong, China and the Dow futures.Turnover in the 30 STI components amounted to S$456 million or about 61 per cent of the whole market's business. Excluding warrants there were 269 rises versus 187 falls.
Brokers said the momentum of the past fortnight - which was probably also embellished by large doses of short-covering - appears to have stalled.
"China is still a concern and so is the threat of US interest rate rises," said a dealer.
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