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STI little moved after Tuesday's sell-off

Some investors grab chance to 'buy on dips' triggered by the China virus scare, seeking counters at attractive valuations

Published Wed, Jan 29, 2020 · 09:50 PM

Singapore Stocks

INVESTORS may be brooding over the fast-spreading Wuhan coronavirus, but after Tuesday's sell-off in the region, many took the opportunity to "buy on dips", seeking counters trading at attractive valuations.

The result: Singapore's Straits Times Index (STI) clung on to register a slight rebound. It crept up just 1.32 points or 0.04 per cent to close at 3,182.57.

Elsewhere, a number of key Asia-Pacific indices - Australia, Japan, Thailand and South Korea - posted gains on Wednesday. Malaysia was flat.

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