Singapore shares slip 0.22% in another listless trading session

The local market dipped on thin volumes on Tuesday, with the customary year-end lull starting to make itself felt in the bourse.

The Straits Times Index (STI) fell 7.14 points or 0.22 per cent to 3,173.51.

Volumes were thin, with only 1.64 billion shares worth $907 million changing hands.

Despite Wall Street recently touching all-time highs, trading has been sleepy on the local bourse. The STI moved by more than 10 points on only six out of 18 sessions this month, or one-third of all the trading sessions.

The result is a very tight trading range of about 40 points for this month, or about 1.2 per cent of the index.

There were few significant movers on the STI on Tuesday. One exception was StarHub, which fell 10 cents or 2.3 per cent to $4.21.