STI rises 1%, closing above 3,500 points again

IN a day where Hong Kong and Taiwan markets rebounded, Singapore's benchmark Straits Times Index (STI) easily regained its 3,500-point perch, less than three weeks after dropping below that level in an earlier correction.

By the close of trading on Wednesday, the STI was trading at 3,516.23, up 39.7 points or 1.1 per cent.

Banks, property, industrial and manufacturing stocks all contributed to the gains, even as European stocks opened lower.

Some 1.9 billion shares worth S$1.6 billion changed hands.

Winners outnumbered losers 278 to 157.