SGX Singapore Closing Market Update : Epic Research Singapore

THE local stock market on Thursday underwent one of its most featureless and lacklustre sessions this year, which was not surprising given that investors the world over were waiting for the result of the UK's referendum on whether to stay or exit the European Union known as "Brexit".

In total, the market only managed to muster volume of 753 million units worth S$691 million - way below the S$1 billion threshold that is seen as being the market's long-term average.

Gains for ‪#‎UOB‬ and ‪#‎OCBC‬ helped add 7.72 points to the index at 2,793.85, while the broad market excluding warrants recorded 192 rises versus 167 falls.

"We'd have been better off staying up at night to watch the Euro football or the ‪#‎Copa‬ America matches and forgoing coming to work," said a dealer, echoing general sentiment among most of this peers.

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