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Politics : Formerly About Applied Materials
AMAT 322.51+6.1%Feb 6 9:30 AM EST

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To: StanX Long who wrote (61738)3/8/2002 1:46:03 AM
From: StanX Long  Read Replies (2) of 70976
 
Straits Times Index slips as investors await data
Friday March 8, 1:49 PM

sg.news.yahoo.com

In "Straits Times Index slips as investors await data," please read in paragraph 10: "Venture Manufacturing climbed 1.16 percent to S$17.50..." instead of, "Venture Manufacturing climbed 1.71 percent to S$1.78…" (Correcting price and percent move).

A corrected version follows:

SINGAPORE (Reuters) - Singapore shares drifted lower by midday on Friday with investors cutting positions ahead of the weekend as they awaited local corporate results and U.S. jobs data to gauge the strength of the economic recovery.

The benchmark Straits Times Index was down 0.17 percent or 3.1 points at 1,791.21 by the break. It again bounced off support at around 1,780 points, its lowest level in 2000.

The index has borne losses for the past three days but is still up some eight percent in slightly over a week.

"We are not too worried about the STI's recent pullbacks. As long as the STI closes above 1,780, we would still maintain our expectation for the Singapore market to move higher in coming sessions," Lim Say Boon, research director at OCBC Securities, wrote in a report.

In the broader market, losers beat gainers by 141 to 86 as volume shrank to 346 million shares from 420 million at the break on Thursday.
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