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STI at 18-month high amid cautious trading

Index rises 13.8 points as market awaits FOMC meeting outcome; property stocks lose upward momentum except CityDev

Published Mon, Mar 13, 2017 · 09:50 PM

THE Straits Times Index on Monday managed a 13.8-point rise to an 18-month high of 3,147.15 despite a slide in oil prices to a three-month low. Trading however, was cautious ahead of this week's Federal Open Market Committee (FOMC) meeting at which an interest rate hike is a near certainty - volume was average at 2.2 billion units worth S$1.15 billion. The advance-decline score however, was almost even at 244-243.

There was a noticeable loss of upward momentum in property stocks on Monday following the large push on Friday that ca…

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