THE Straits Times Index (STI) fell 27.65 points, or 0.8 per cent, early on Monday to 3,389.86 in the wake of Wall Street's tumble before the weekend, when strong US jobs data raised concerns of earlier-than-expected interest rate hikes.
A total of 65 million shares worth S$128.7 million changed hands as at 9:01am. Losers outpaced gainers 107 to 41.
The most active stocks out of the gate were Noble Group, down 2.4 per cent or 2.5 Singapore cents to S$1.03 as at 9:02am, and Hutchison Port Holdings Trust, down 0.7 per cent or 0.5 Singapore cent to 69 Singapore cents.
WEDNESDAY'S plunge in the Straits Times Index (STI) prompted speculation that Wall Street could end its Wednesday session sharply lower, which it did. So it was that Thursday's 20.26 points or 0.6 per cent slide to 3,395.27 in the STI led to speculation that the US market might again come under pressure during its own Thursday session ahead of a key payrolls report on Friday, though perhaps some weakness is to be expected given that the Dow Jones Industrial Average and S&P 500 had risen to all-time highs earlier in the week, while the Nasdaq Composite crossed 5,000 for the first time in 15 years.
Forex Recommendation of 05 - MARCH. - 2015
✔We Hit First Target ✔
■■ Sell EUR/USD Below 1.1094-TG: 1.1064/1.1034 SL 1.1124
