- Singapore shares close flat, STI drops 38 points from intraday peak.
- Street’s Tuesday rise helped calm some nerves and prompted a bout of short covering that pushed the Straits Times Index (STI) higher for most of Wednesday. A weak opening for Europe, however, cut the index’s gain to just 0.57 point at 2,546.18. Its intraday peak was 2,584.
- Turnover was by recent standards mediocre at 809.8 million units worth S$982 million and the broad market excluding warrants recorded 224 rises versus 166 falls.