Penny stocks rule as banks bolster STI
Turnover a healthy 3.67b units worth S$1.3b with gainers outnumbering losers 252-207
ELEVATED penny stock punting and a push on banks UOB and OCBC provided the main features of Tuesday's trading, in which the Straits Times Index (STI) rose 14.73 points to 3,071.64. Turnover amounted to a healthy 3.67 billion units worth S$1.3 billion and, excluding warrants, there were 252 rises versus 207 falls.
More than two-thirds of the STI's rise came from gains in OCBC and UOB, with notable contributions from Keppel Corp and City Developments. …
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