Banks dominate in mixed session

A CONTINUED push on the banks helped add 6.07 points to the Straits Times Index (STI) at 2,949.12 on Tuesday, though volume continued to dwindle and the broad market ended mixed.

A new all-time high for Wall Street on Monday helped prop up sentiment, at least as far as the index was concerned. As for the rest of the market, the advance-decline score of 218 to 209 pointed to a broadly even rather than firm finish.

Turnover amounted to 1.75 billion units worth S$1.1 billion, more in line with pre-US election totals than the S$1.3 billion average seen since Donald Trump won on Nov 8. Of the total dollar value done, S$817 million or 74 per cent came from trading in the 30 STI components.