Last-minute buying nudges STI up

But investors will be focusing on the two-day US Fed Open Market Committee meeting where officials will very likely raise rates

Anita Gabriel

Published Tue, Dec 12, 2017 · 09:50 PM

noble group

AN eleventh-hour buying activity helped nudged the Singapore bourse's key Straits Times Index to close marginally higher to a fresh 2½-year high although the writing was on the wall for a correction ahead of a key central bank meeting and Monday's strong gains.

Below water for much of the day, the STI managed to eke small gains in the final minutes to finish 5.09 points or 0.15 per cent higher at 3,465.54.

The gains were led by the three banking stocks as well as rises in Keppel Corp and Singtel.

Sentiment remained edgy ahead of a two-day US Federal Open Market Committee session, the most significant gathering in a week packed with central bank meetings…

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