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STI Market Reviews - EOD Summary 02-Jan
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Publish date: Wed, 02 Jan 2013, 08:28 PM
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Singapore shares slipped by midday, snapping four straight sessions of gains, as the deadline to reach a budget deal to avoid a "fiscal cliff" in the United States closed in without an agreement.
STI opens flat @ 3167.08 marks, after opening it traded in the upward direction and made day high @ 3210.02, and finally closed @ 3201.74 levels with the gain of 34.66 points up by 1.09%.Some 4.63 billion shares, valued at S$1.7 billion were traded. Gainers outnumbered losers 486 to 74.
The Singapore economy grew at a modest pace of 1.1% on a year-on-year basis in the fourth quarter of 2012. On a quarter-on-quarter seasonally-adjusted annualized basis, the economy grew by 1.8%, an upturn from the contraction of 6.3% in the preceding quarter.
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