Jardine group pushes STI up 13.68 points
Index jumps yet again, as traders position themselves ahead of expected rally after this week's FOMC meeting
A LARGE push on the Jardine group on Tuesday propelled the Straits Times Index (STI) up 13.68 points to 3,412.2, in the index's sixth rise out of the past seven trading sessions.
Although the buying on Tuesday was possibly because of receding worries surrounding Greece's recent elections, a more likely explanation was that traders were positioning themselves ahead of an expected rally after the US Federal Open Market Committee (FOMC) meeting this week.
Whatever the case, volume was a decent 1.8 billion units worth S$1.5 billion, of which S$173 million was done in Keppel Land and Keppel Corp. Excluding warrants, the advance-decline score was 267-187.
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