STI drops 70.75 points to 2,613 as lockdown fears resurface

THE Straits Times Index (STI) fell 70.75 points or 2.64 per cent to 2,613.88 on Monday in a third straight day of losses after a rise in new coronavirus infections in the US and China stoked fears that lockdowns might be reimposed.

About 1.71 billion securities worth S$1.82 billion changed hands on the Singapore Exchange on Monday. Losers outnumbered gainers 349 to 148.

Synagie was the top traded stock, surging 3.5 Singapore cents or 26.92 per cent to S$0.165 on volume of 119 million after it said it would provide end-to-end e-commerce platform store management and fulfilment services to clients of advertising giant WPP's GroupM in South-east Asia.