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Straits Times Index edges up as buyers stay on sidelines

Published on Feb 6, 2013 6:41 PM

THE local share market stabilised on Wednesday although traders here were unwilling to embark on any sort of strong buying.

The Straits Times Index (STI) inched up 3.87 points or 0.12 per cent to 3,276.53 - regaining some losses following Tuesday's slide of 24.71 points.

Wall Street's strong overnight gains provided some encouragement but, on the other hand, disappointing results from some local corporates kept a lid on buying sentiment.

DBS Group Holdings, South-east Asia's largest bank by assets, was the chief culprit among the STI counters.

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