SGX Singapore Closing Market Update

THERE were no surprises in Monday's session at Singapore Exchange, the Straits Times Index first rising 18 points to an intraday high of 3,430 in response to Friday's bounce on Wall Street but eventually ending with a nett loss of 2.31 points at 3,410.13 in line with a reversal in Hong Kong and a weak opening for Europe that indicated a likely soft Monday for the US market.

Turnover was a modest 950 million units worth S$957.6 million and excluding warrants there were 218 rises against 186 falls.

Brokers said the passing of Singapore's first prime minister Lee Kuan Yew had little, if no impact on the market.

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