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Singapore stocks finish higher as banks with help from Genting continue to drive STI
"SELL into strength but buy the dips" was the preferred trading mode during Thursday's session when the Straits Times Index (STI) first dropped into the red but rebounded to finish at 3,137.57 for a net gain of 15.37 points.
Turnover was the highest in almost 10 days at 3.5 billion units worth S$1.7 billion for an average of S$0.48 per unit. The advance-decline score excluding warrants was 239-208 - much closer than the index's strength might suggest.
Banks were once again chiefly responsible for the index's rise, though OCBC closed unchanged. Elsewhere within the index, casino operator Genting Singapore's shares jumped S$0.05 to S$1.03 on volume of 79 million.