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via The Edge Singapore RSS Feed by Joan Ng on 12/18/09
THE STRAITS TIMES Index touched yet another high last week, hitting 2,827.9 points on Thursday, but trading volumes have been weak — most investors and traders are on their year-end breaks. There was not much in the way of positive news to help things along, either. Citigroup's capital-raising to repay the government saw weak take-up, while Fed-Ex Corp warned of a softer profit outlook for the quarter ahead. Also, Greece's credit rating has been cut yet again, this time by Standard & Poor's. By Friday, the rally had petered out, with the STI ending the week up slightly less than two points at 2,802.6.
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