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Yellen's comments help lift stocks

Modest rise for STI with gainers outnumbering losers 240-193 amid news that Fed is in no rush to hike rates
Thursday, February 26, 2015 - 05:50
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News that the US Federal Reserve is in no rush to raise interest rates was welcomed by markets on Wednesday, with the Straits Times Index (STI) managing a modest 3.22-point rise to 3,440.83.

NEWS that the US Federal Reserve is in no rush to raise interest rates was welcomed by markets on Wednesday, with the Straits Times Index (STI) managing a modest 3.22-point rise to 3,440.83. The entire market recorded 240 gains versus 193 falls and volume was in line with recent averages at 1.38