STI gains 20 points in CNY eve half-day trading
IT WAS a no-brainer that the half-day trading activity in the local bourse on Wednesday on the eve of the Chinese New Year break to usher in the Year of the Goat would be baa-land (bland).
The upside was that the benchmark Straits Times Index (STI) managed to climb 19.75 points or 0.6 per cent to 3,435.66.
The gains were spurred by a positive close on Wall Street overnight and reduced pessimism over the Greek debt saga following news reports that Greece may seek an extension of the bailout agreement that expires on Feb 28.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
STI climbs 0.8% on Friday, tracking regional rally
JPMorgan says India index inclusion on track, clients ready
Asia: Markets mostly rise as US data boosts rate hopes
Singapore stocks advance at Friday’s open, STI up 0.4%
Stocks to watch: OCBC, Sri Trang Gloves, Wilmar, Great Eastern, F&N, SingPost
Europe: Stoxx 600 ends at record high; BBVA weighs on Spain