Mixed session as bank, property stocks lead STI's rebound
Straits Times Index on Thursday recovers from Wednesday's 28-point loss by gaining 13.78 points to 3,215.55
THE Straits Times Index (STI) on Thursday rebounded from Wednesday's 28-point loss by 13.78 points to 3,215.55, led mainly by the banks, property counters, Jardine Matheson and Hongkong Land.
Turnover was an average 2.1 billion units worth S$1.04 billion; and excluding warrants, there were 218 rises versus 218 falls so trading was much more mixed than the index's reading might suggest.
"Stuck in a trading range" appears to be the best way to describe the index's movements over the past fortnight. US interest rate hikes, weak oil prices and political upheaval in the US and UK have threatened to bring the sellers out in force, yet stocks have remained…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Apparel company Express seeks quick bankruptcy sale
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Tesla profits tumble but shares rise on new vehicle plan
Hong Kong crypto ETF launches will test ambition to be digital-asset hub
CapitaLand Ascott Trust’s Q1 gross profit rises 15%
Mattel posts narrower loss, thanks to Hot Wheels growth and lower costs