The Straits Times Index's (#STI) losing streak, with the local benchmark losing 8.28 points at 2,732.87 on Wednesday in response to falls in Hong Kong and the Dow futures.
Turnover at one billion units worth S$1.1 billion was average and excluding warrants, there were 182 rises versus 203 falls. It was the index's 12th loss in 13 sessions during which it has fallen 228 points or 7.7 per cent.
"It is difficult to see what might shake the market out of its present downturn,'' said a dealer. "For now, stocks are being avoided like the plague and safe havens like bonds are doing well.''
Banks have been the prime index movers during the past fortnight, though #OCBC on Wednesday did manage a S$0.03 rise to S$8.33 on volume of 5.6 million. #DBS and 3UOB, on the other hand, closed weaker.
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Turnover at one billion units worth S$1.1 billion was average and excluding warrants, there were 182 rises versus 203 falls. It was the index's 12th loss in 13 sessions during which it has fallen 228 points or 7.7 per cent.
"It is difficult to see what might shake the market out of its present downturn,'' said a dealer. "For now, stocks are being avoided like the plague and safe havens like bonds are doing well.''
Banks have been the prime index movers during the past fortnight, though #OCBC on Wednesday did manage a S$0.03 rise to S$8.33 on volume of 5.6 million. #DBS and 3UOB, on the other hand, closed weaker.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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