Formerly About Applied Materials Message Board

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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 (63197)	4/25/2002 2:48:50 AM
From: StanX Long	Read Replies (1) of 70976

Straits Times Index follows Wall Street lower Thursday April 25, 10:16 AM sg.news.yahoo.com SINGAPORE (Reuters) - Singapore shares were marginally lower in early Thursday trade led by technology stocks as the market had its eye on Wall Street's overnight weakness amid a dearth of local impetus. Dealers said the market's losses would likely be limited given the muted selling activity in the market. At 0156 GMT, the Straits Times Index shed 0.06 percent, or 1.01 points, to 1,733.71. The broad market showed more losers than gainers 78 to 69 supported by modest volume of about 123 million shares. "The market is almost running out of sellers looking at its movement today. They are probably waiting for more incentives to buy. I think there's just short-term trading in this market," a senior dealer at a local brokerage house said. He said it was unlikely that the support level of 1,700 points for the key Straits Times Index would be breached. Dealers said there was selling in Flextech Holdings after the company said Wednesday it and a unit of the company had breached certain covenants related to loans and loan stock but had not been served notices of default.

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