Wall Street rally rubs off on local market

THERE were no real surprises in Monday's session as the Straits Times Index jumped 29.1 points, or 1.02 per cent, to 2,876.14 in response to Wall Street's Friday rally that took its major indices close to their all-time highs.

Turnover however, was a mediocre 1.4 billion units worth S$928 million and, excluding warrants, the advance-decline score was 243-168, indicating that rises were not as widespread as the index's reading might suggest.

Over in Hong Kong, the Hang Seng Index gained 1.5 per cent and Japan's Nikkei …