STI rises 12 points in quiet trading
Jardine Matheson's 1.4 per cent gain makes it the index's largest contributor
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THE Straits Times Index (STI) on Monday kicked off the week with a 12.4-point rise to 3,187.51, thanks mainly to gains in Jardine stocks. Overall trading, however, was quiet with turnover amounting to 2.3 billion units worth S$1.1 billion compared with Friday's S$1.6 billion. Excluding warrants there were 273 rises versus 189 falls throughout.
Brokers described the session as cautious, with Wall Street very much in mind. The Dow futures at 5pm stood 19 points higher, suggesting a slightly firm opening for the US market. European markets, however, opened mostly in the red.
Jardine stocks that contributed the most to the STI's rise were Cycle & Carriage and Jardine Matheson, the latter's US$0.89 or 1.4 per cent rise to US$65.14 on volume of 238,400 making it the index's largest contributor with three points.
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