STI bounces back amid upbeat outlook

SINGAPORE equities made a swift rebound on Tuesday following slight losses clocked a day earlier, amid higher oil prices, upbeat outlook on the global economies and better performance on Wall Street.

Led by fresh records on Wall Street on Monday night, the benchmark Straits Times Index (STI) retreated from an intraday high of 3,416.73, but added 31.25 points or 0.92 per cent to close higher at 3,413.10 - the highest in two-and-a-half years.

Turnover came in at 2.7 billion worth some S$1.4 billion, working out to an average of about S$0.52. Trading was firm with the advance-decline score 257 to 184, excluding warrants.