STI gains eight points in broadly weak session
Hopes that Greece will eventually be bailed out and remain in eurozone benefit heavyweights Singtel and the banks
TRADING in the local market remained quiet and inactive even as some prices were lifted by hopes that Greece will eventually be bailed out and remain in the eurozone.
Among the stocks to benefit were Straits Times Index (STI) heavyweights Singtel and the banks, thus enabling the index to register a 7.99-point rise to 3,340.93.
However, excluding warrants there were 183 rises versus 238 falls, suggesting the session was weaker than the index's movement suggests.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Foxconn’s musical chairs sound like punk rock
AI fuels cloud computing boom for tech giants
AMD slides after AI chip forecast misses lofty estimates
IBM wins reversal of US$1.6 billion poaching award to BMC
Binance founder Zhao Changpeng gets 4 months in prison
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst