SGX Singapore Closing Market Update

An agonisingly boring session on Tuesday finished with the Straits Times Index just about managing to stay in the black - up 3.13 points at 3,413.26 with tepid volume of 1 billion units worth S$1 billion and with the entire market recording 239 rises versus 173 falls.

Brokers said an uncertain Wall Street probably contributed to the ho-hum session, as did an indifferent Hong Kong. In Monday's session in the US, major indices traded higher throughout the session but ended weaker on the day - exactly the same pattern exhibited in Hong Kong on Tuesday. The STI's positive closing however, suggested the US market would probably close higher on Tuesday.

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