SGX Singapore Closing Market Update

SOMETIMES the movement of the Straits Times Index doesn't properly represent how the broad market performed at any given point in time. This is often when a few large cap components exert a lopsided influence on the index, thus giving the impression of a session that was either stronger or weaker than it actually was.

Wednesday's session however, was not one such occasion - the STI rose five points and stayed there for virtually the whole session, before weakening in the final 20 minutes. Its eventual nett loss of 6.58 points at 3,415.53 accurately suggested a session that was boring, weak and lacking in notable features - which it was. The advance-decline score excluding warrants was 210-229.