As rally dies down, investors book profits

LAST week's equity market rally has fizzled out, with investors taking to booking profits and sentiment dampened by a new round of US sanctions on Iran. That said, the market's focus will now be this weekend's meeting between the US and China at the G-20 summit.

With these factors in play, the Straits Times Index (STI) ended 7.26 points or 0.2 per cent lower at 3,304.27.

Most other markets in the region also ended in negative terr…