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DBS, ThaiBev shore up ST Index

Benchmark up 8.21 points after trading sideways for most of the day

AFTER gaining almost 10 per cent since the start of the year, it's perhaps natural to expect the Straits Times Index (STI) to undergo some sort of pullback or consolidation. Such was the case on Thursday when the index traded sideways for most of the day, though it did manage to close a net 8.21 points higher at 3,096.69.

Turnover remained elevated at 3.3 billion units worth S$1.37 billion and, excluding warrants, there were 274 rises versus 215 falls.

Banks have provided most of the fuel for the index's...

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