You are here

STOCKS

STI gets boost from rise in bank stocks

Traders positioning themselves ahead of expected gains in eurozone and US markets

stigrabsbck2101.jpg
A sharp rise in the three banks on Tuesday helped push the Straits Times Index 26.32 points, or 0.8 per cent, up to 3,334.02 as traders positioned themselves ahead of an expected rise in Western markets.

A SHARP rise in the three banks on Tuesday helped push the Straits Times Index 26.32 points, or 0.8 per cent, up to 3,334.02 as traders positioned themselves ahead of an expected rise in Western markets. Banks contributed exactly half this gain and with Monday's seven-point rise, the STI has