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Politics : Formerly About Applied Materials

AMAT 256.41

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Dec 19 9:30 AM EST

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To: StanX Long who wrote (59924)	2/4/2002 12:56:31 AM
From: StanX Long	Read Replies (1) of 70976

Straits Times Index slips but investors hunt bargains sg.news.yahoo.com Monday February 4, 1:18 PM SINGAPORE (Reuters) - Singapore shares were subdued by midday on Monday as blue chips like Singapore Press Holdings fell on profit-taking, but SembCorp Logistics and other laggards made solid gains. "There's been some bargain hunting in the new stocks on the (buy) list of investors," said Najeeb Jarhom, director at Fraser-AMMB Research. "There's consolidation overall but the market is also not coming down because of hopes of a Chinese New Year rally. The rally is unlikely to be very strong but it could mean a test of the 1,800 level again." Chinese New Year will be celebrated in mid-February. The key Straits Times Index was down 0.62 percent or 11.11 points at 1,770.31 by the break. Losers beat gainers 141 to 83 as volume shrank to 230 million shares compared with 501 million at midday on Friday. SembCorp Logistics added to recent gains, surging 7.04 percent to S$2.28. Southeast Asia's biggest logistics firm vaulted 8.7 percent on Friday. A dealer at a European brokerage said SembLog was a laggard and was now catching up with gains in other stocks.

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