HAVING already risen about 80 points in the previous four consecutive trading sessions, the Straits Times Index on Thursday fell back by 8.34 points to 3,531.61. Rotational punting of penny stocks in the meantime, continued in full force, with new names such as Ntegrator, Federal International and Otto Marine entering the actives list.Turnover amounted to 2.6 billion worth S$1.5 billion and excluding warrants, there were 266 rises versus 203 falls throughout the market. Brokers said that the sudden jump in penny stocks came largely through proprietary traders looking to capitalise on improved sentiment generated by Hong Kong's recent surge.
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