Eleventh-hour push drives STI up 6 points

THE local bourse's key Straits Times Index finished May's last trading day on a higher note although it had stayed flat to lower for much of the last couple of hours, snapping out of a three-day dour run.

An eleventh-hour push led the key Straits Times Index to close 6.03 points up at 3,210.82 on healthy trading volume of S$2 billion on Wednesday, snubbing Wall Street's lower close overnight on Tuesday.

Trading sentiments were buoyed by positive data that China's factory activity grew at a steady pace, signalling further stabilisation in the world's second largest economy.