Singapore shares end flat on Monday on lack of market drivers

SINGAPORE stocks started the week on the back foot on Monday, with the local benchmark dipping amid a lack of market drivers.

The Straits Times Index closed at 3,280.09, down just 0.03 per cent or 0.94 point, following a session which saw active trading among penny stocks and temporary glitches in the Singapore Exchange's website. Advancers outpaced decliners 202 to 192 on the local bourse, while 12 of the index's 30 stocks finished in the red.

Turnover was unusually high, with 2.48 billion securities changing hands, but trading value totalled just S$838.65 million, suggesting heavy trading in penny stocks.

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