Stocks suffer bouts of bipolar mood swings

A BIPOLAR cat on caffeine couldn't have bigger mood swings than this week's stock market.

Singapore shares reversed course for the fourth time in four days to gain 2.5 per cent, or 72.43 points, for a 2,945.43 close on Thursday following dovish remarks by a US central banker.

The rebound came on robust activity. About 1.96 billion shares changed hands, 14.6 per cent more than the January-to-July daily average volume of 1.7 billion shares. Total turnover on Thursday was S$1.6 billion, about 37.6 per cent more than the daily average of S$1.2 billion in the first seven months of the year.