Singapore shares fall again, but late afternoon rebound reduces declines
THE local market on Thursday endured a sixth straight day of losses, but it could have been much worse.
The benchmark Straits Times Index (STI) was down as much as 1.7 per cent during the session, but a positive start in European bourses dragged up the index.
The STI closed at 3,089.4 points, down just 19.59 points or 0.63 per cent from Wednesday's close.
The late afternoon rebound took the index back within touching distance of the psychological 3,100 level. It could find some stability if it does not fall too far below that.