STI slips 0.3% despite positive Wall Street session overnight

● Sats advances 7.2% to two-year high of $4.01 ● Top STI loser is Mapletree Pan Asia Commercial Trust ● Tokyo down but Shanghai, HK, Seoul and Australia up

- Tay Peck Gek

Local shares headed south on Oct 25 after a positive session on Wall Street overnight failed to galvanise investors.

The uninspiring trading day left the Straits Times Index (STI) down 11.54 points, or 0.3 per cent, to 3,593.41 and 1.3 per cent lower in a week that saw three days of declines and two of increases. Losers outstripped gainers 296 to 241 on trade of 1.4 billion securities worth $1.1 billion.