Bulls And Bears

Malaysian election results keep traders on sidelines

Most investors taking cautious stance while keeping eye out for knock-on effects

The Singapore Exchange (SGX) Centre at Shenton Way.
The Singapore Exchange (SGX) Centre at Shenton Way.PHOTO: ST FILE

The unexpected election result across the Causeway left traders here largely unmoved yesterday despite analyst warnings of looming ringgit volatility.

The benchmark Straits Times Index (STI) wobbled around an intra-day average of 3,544.55 until a late afternoon sell-off left it down 10.95 points, or 0.31 per cent, to 3,537.59.

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A version of this article appeared in the print edition of The Straits Times on May 11, 2018, with the headline 'Malaysian election results keep traders on sidelines'. Subscribe