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Singapore shares close higher on hopes of a Clinton win

Tuesday, November 8, 2016 - 17:28

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THE US presidential election continued to be the main - and possibly only - factor in local stock market trading on Tuesday, with the Straits Times Index (STI) climbing 19.29 points or 0.7 per cent up to 2,820.24 on early indications that the more market-acceptable candidate Hillary Clinton was the early leader.

Turnover amounted to 1.7 billion units worth S$1.2 billion, the fourth consecutive day that dollar value was above the broking industry's estimated breakeven point of S$1 billion. Before that, it had fallen below S$1 billion for 12 straight days. Excluding warrants, there were 222 rises versus 177 falls.

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