Regional data helps STI hit two-year high

SINGAPORE stocks mounted a third straight rally on Monday to hit a two-year closing high amid positive economic data in the region.

The Straits Times Index (STI) rose 0.33 per cent or 10.81 points to close at 3,298.24. The last time the blue-chip benchmark finished the day higher was on July 27, 2015, when it closed at 3,313.42.

Gainers outnumbered losers 261 to 181, or about three up for every two down, with decent activity.

A total of 2.3 billion shares were traded on Monday, which was about 98 per cent of the daily average volume in the first half of the year. Monday's total turnover was S$1.3 billio…