STI up on gains in HK, Dow futures

TRADING in the local stock market got off to a cautious but firm start to the week with the Straits Times Index (STI) rising 3.78 points to 2,660.65 in response to a 150-point rise in the Dow futures and a 0.9 per cent gain for the Hang Seng Index. Turnover amounted to 1.3 billion units worth S$1.06 billion; and excluding warrants, there were 234 rises against 132 falls in the whole market.

Of the dollar volume, S$744 million or 71 per cent was done in the 30 STI components. DBS, which released its fourth-quarter and full-year figur…