Singapore shares dip in lacklustre trading on poor external economic data

The local stock market endured yet another listless day of trade, with the Straits Times Index (STI) closing 6.5 points or 0.2 per cent lower at 3,335.2. -- PHOTO: ST FILE
The local stock market endured yet another listless day of trade, with the Straits Times Index (STI) closing 6.5 points or 0.2 per cent lower at 3,335.2. -- PHOTO: ST FILE

SINGAPORE - The local stock market endured yet another listless day of trade, with the Straits Times Index (STI) closing 6.5 points or 0.2 per cent lower at 3,335.2.

Some 1.96 billion shares worth a total value of just $631 million exchanged hands.

There were 246 losers to 174 winners, while 392 stocks were unchanged.

Singapore eDevelopment was the top volume counter, with 363.1 million shares swopping hands. Its shares closed unchanged at 0.3 cent.

Poor economic data out from the United States, China and Japan put a drag on sentiment, but hopes that there would be more monetary stimulus measures limited the declines.

Trading was also quieter as markets in China, South Korea and Taiwan were closed for a public holiday.

It was a mixed bag of results elsewhere in Asia where Hong Kong fell 0.2 per cent, Sydney dropped 0.4 per cent, but Tokyo gained 0.2 per cent.