8:41 PM
Admin
SINGAPORE
stocks dipped Tuesday after the International Monetary Fund (IMF) cut
its forecasts for global growth for both this year and next.
Singapore's
Index Straits Times open 3076.99 and then made a high of 3083.56 and
faced resistance @ that level and fell down. STI took support @
3063.78 and finally closed near day low @ 3065.91 with loss of 10.74
points down by 0.35%.Around 1.8 billion shares exchanged hands.
Losers beat gainers 232 to 174.
The
IMF today quote weaker prospects and increased risks as it cut its
estimate for this year's global growth to 3.3 %, from its earlier
projection of 3.5 %. The forecast for next year was reduced to 3.6
per cent from 3.9 per cent.
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