13 Jun '11, 4am

IM$avvy Info Hub: STI drags lower on lack of cues #Singapore #investment

SINGAPORE shares continued to slide, as investors saw few incentives to buy or even participate in the market. Even a solid showing by the Dow Jones Industrial Average, which rose for the first time in six sessions on Thursday night, failed to impress local punters. After a quiet day with little action, the benchmark Straits Times Index (STI) closed 19.22 points, or 0.62 per cent, lower at 3,078.35. 'There's just no stimulus,' said remisier Desmond Leong. 'May and June are typically quiet months in the market, and it's the school holidays now, so many traders are on holiday.' Analysts also note that there are lingering concerns about the global economy acting as dampeners on equities. China will release key inflation data next Tuesday, which will show if the government's tightening measures to cool the economy have worked. Figures released yesterday showed that China's exp...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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