STI advances in 7th straight session

SINGAPORE equities extended its rally for a seventh consecutive session on Monday, buoyed by strong local earnings and general optimism over the weekend election victory of Japan's pro-business prime minister and US President Donald Trump's tax cut plan.

The Straits Times Index (STI) added 9.07 points or 0.27 per cent to end the day at 3,349.80. This, after retreating from an intraday high of 3,360.95 - the highest in two years.

Some 2 billion units worth over S$1 billion were traded, with gainers beating losers 228 to 196.

Index heavyweight Keppel Corporation's shares continued to make gains on Monday, closing at S$7.41, up 11 cents on a volume of 8.2 million.