STI extends its 2017 gain to 2.1%
Index's uptick comes despite Wall Street slide on Monday, slight weakness in the Dow futures, indifferent Hong Kong session
THE Straits Times Index (STI) managed to extend its good start to 2017 with a 16.47-point rise to 3,041.95 on Tuesday, which brought its gain for the year to 61 points or 2.1 per cent. Turnover improved from the sub-S$1 billion totals of the previous week to 2.3 billion units worth S$1.3 billion; and excluding warrants, there were 248 rises versus 178 falls.
The index's uptick came despite a slide on Wall Street on Monday, slight weakness in the Dow futures and an indifferent session in Hong Kong where the Hang Seng Index ended just 0.2 per cent higher. Banks have been chiefly responsible for the STI's performance over the past year, and so it …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in