30 Dec '11, 11pm

Shares down 17% in year of wild swings, almost $130b wiped out

Shares down 17% in year of wild swings, almost $130b wiped out

The trading year ended on an appropriate note yesterday with stocks down 1 per cent, bringing the Straits Time Index (STI) to a 2011 close of 2,646.35. Go back a year ago and it was at a heady 3,190.04. -- ST PHOTO: LUIS ENRIQUE ASCUI By Jonathan Kwok Investors will be glad to see the back of this year after a nerve-racking 12 months of wild swings and near panic drove shares down 17 per cent - better than some recent years but a blow after last year's bumper effort. The trading year ended on an appropriate note on Friday with stocks down 1 per cent, bringing the Straits Time Index (STI) to a 2011 close of 2,646.35. Go back a year ago and it was at a heady 3,190.04. The carnage has also wiped about $129.8 billion off the value of local shares, leaving the market valuation at $716.3 billion. Related Links A YEAR TO FORGET It was not a total horror show, however. There were ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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