A quiet but firm week for the STI
THE Straits Times Index managed to rise on the first four trading days this week, though volume remained low throughout. The five-day gain was 25 points or 0.8 per cent to 3,038.71, with the index slipping 1.19 points yesterday during which 1.8 billion units worth $872 million were traded.
On Tuesday, volume done of $792 million - of which $450 million or 57 per cent was done in the 30 STI components - was the lowest daily total for the year so far.
The rebound after several days of selling in January came after Wall Street, which itself came under tremendous pressure last month on worries over the health of the Chinese and US economies, managed to stabilise and recover almost all its losses.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance