THERE were no surprises in Monday's trading as the Straits Times Index dropped 37.76 points or 1.44 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. There was also pressure on offshore and marine 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 the crossed S$1 billion mark. Excluding warrants, there were 95 rises versus 351 falls.
All three banks were whacked - DBS dropped S$0.41 or 2.8 per cent to S$14.23, UOB S$0.50 or 2.8 per cent to S$17.10 and OCBC S$0.17 or 2.1 per cent to S$7.78.
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