STI recaptures 3,200 level in late surge

A STRONG opening for Europe and expectations of a strong session for Wall Street helped the Straits Times Index (STI) on Tuesday close 21.69 points higher at 3,202.74 after an indifferent session in the morning and most of the afternoon.

Turnover amounted to a mediocre 1.1 billion units worth S$963 million, of which S$591.2 million or 61 per cent was done in the 30 STI components. Excluding warrants, there were 229 rises versus 182 falls.

Genting Singapore was the day's most active stock, slipping one cent to S$1.04 after 62.6 million shares changed hands. In its Oct 21 "underperform" call on the counter, Macquarie Equities Research (MER) said Reuters had reported that the Japan casino bill was likely to be delayed again and that it was like…