STI gives up day’s gains to close 0.06% lower on Feb 24

The Straits Times Index (STI) gave up its midday gains to close 2.19 points lower, or 0.06% down, at 3,927.75 points on Feb 24, the first trading day after the Monetary Authority of Singapore’s (MAS) equities market review group proposed a slew of measures on Feb 21.

The benchmark index slipped to its intra-day low of 3,923.28 points at open, some 0.17% lower, before rallying to an intra-day high of 3,951.64 points just before 11am.