STI gets surprise boost from Genting

TRADERS have become accustomed to the banks driving the Straits Times Index (STI) so it probably came as a surprise that on Monday, the role of prime index mover was assumed by Genting Singapore, its S$0.07 or 6.5 per cent jump to S$1.15 on volume of 71.7 million accounting for slightly more than half of the STI's gain of 8.92 points at 3,264.21.

However, unfamiliar though the sight of Genting driving the index might be, what was familiar was that the broad market did not mirror the STI's strength - e…