SINGAPORE: The Straits Times Index (STI) on Wednesday recorded a third consecutive loss, losing 11.4 points to end at 3,459.79. Overnight weakness on Wall Street brought on by an escalation of Greece’s financial problems was said to be a major factor behind the selling which also affected the rest of the region.
Turnover spiked up to 1.3 billion units worth S$1.2 billion compared with the weak S$886 million done on Tuesday. Volume done in the 30 STI components amounted to S$311 million, about 25 per cent of total business. The average value per unit done was S$0.94.
Banks turned in a mixed performance – DBS rose but OCBC and UOB fell.
In the second line, shares of healthy lifestyle retailer Osim International plunged S$0.195 or 10 per cent to S$1.735 on volume of 14 million after the company reported that first-quarter profit after tax and minority interests fell a much worse-than-expected 53.1 per cent year-on-year to S$13.5 million.
