STI up despite weak China data, US sell-down
Singtel and Jardine firms higher; oil and gas companies show muted reaction to higher oil prices
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MINOR gains from Singtel and the Jardine group on Wednesday gave a small boost to the local market, which managed to eke out a rise despite weak economic data from China and another overnight sell-down in the United States.
However, an advance in energy-related stocks across the region on the back of higher oil prices had a subdued impact on Singapore-listed oil and gas companies.
The Straits Times Index rose 10.84 points, or 0.3 per cent, to 3,453.17. The broad market was largely similar with gainers outnumbering losers 219 to 192, or about eight up for every seven down.
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