STI up 3.41 points in mixed session

THE Straits Times Index kicked off the week with a 3.41-point rise to 2,928.76 on Monday, probably influenced by rises in Hong Kong and the Dow futures. Turnover was a respectable 1.4 billion units worth S$1.1 billion, though the broad market excluding warrants registered 200 rises versus 222 falls, a more mixed performance than the index's reading might have indicated.

The big news of the day was an announcement by the Singapore Exchange (SGX) that it is setting up a subsidiary to house and perform its frontline regulatory functions. Called RegCo, it will have a separate board of directors who …