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STI ends flat in muted trading session

Investors had few results in go on yesterday with extra uncertainty over the pandemic and the upcoming company reporting season.

The sense of uncertainty underpinned a muted trading efficiency, with the Straits Times Index (STI) closing the day barely modified at 2,616.30, down 0.08 per cent or 2.18 factors.

Losers trumped gainers 238 to 213 with 1.44 billion shares value $982.6 million altering fingers.

Oanda senior market analyst Jeffrey Halley had anticipated Asia’s trading session to be “characterised by investors taking some risk off the table, with a lack of data concentrating attention on Covid-19 risks”.

The STI’s effort was in line with regional benchmarks, which posted comparatively subdued numbers.

IG market strategist Pan Jingyi stated: “Asia markets are looking to a muted start to the week, caught between growing Covid-19 cases around the globe while looking to the series of earnings releases this week.”

The high two STI constituent performers had been Ascendas Reit, up 1.2 per cent to $3.33, and Wilmar International, forward additionally by 1.2 per cent to $4.35.

The two counters had been additionally among the many 5 STI constituents with constant momentum in latest years, stated the Singapore Exchange (SGX) yesterday.

The different three counters had been Venture Corporation, forward 0.eight per cent, Mapletree Industrial Trust, 0.Three per cent greater, and Mapletree Logistics Trust, which closed the day flat.

These 5 counters averaged Three per cent returns for the primary 9 trading classes this month, and 11 per cent common whole returns up to now this yr, the SGX famous.

At the underside of the STI desk was Dairy Farm International, which ended at US$4.45, down 2.6 per cent.

Healthcare and pharmaceutical performs registered heavy trading with Medtecs International and Hyphens Pharma International main the way in which. Medtecs added 17.6 per cent to 73.5 cents on commerce of 93.Four million, whereas Hyphens Pharma was up 48.eight per cent at 62.5 cents, with 66.2 million shares altering fingers.

Elsewhere, Hong Kong shares fell however recouped a lot of their losses, helped by strong positive aspects on the mainland. The Hang Seng closed down 0.12 per cent. Shanghai shares closed 3.11 per cent greater after regulators moved to bolster the market.

Japan’s Nikkei closed 0.09 per cent greater whereas South Korea’s Kospi dipped 0.14 per cent.

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