SINGAPORE (May 15): During the week, the Straits TImes Index was unable to move above its declining 50-day moving average.

This indicator is currently at 2,570, and falling at the rate of around 8-9 points a day.

On May 11, the STI was at 2,611 against the 50-day moving average at 2,609. Since then, the index has retreated to its current level of 2,523.

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