STI gains 20 points in CNY eve half-day trading

IT WAS a no-brainer that the half-day trading activity in the local bourse on Wednesday on the eve of the Chinese New Year break to usher in the Year of the Goat would be baa-land (bland).

The upside was that the benchmark Straits Times Index (STI) managed to climb 19.75 points or 0.6 per cent to 3,435.66.

The gains were spurred by a positive close on Wall Street overnight and reduced pessimism over the Greek debt saga following news reports that Greece may seek an extension of the bailout agreement...


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