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Low inflation data sees STI stocks bounce
Core inflation also eases, raising hopes of easier monetary policy by Singapore's central bank in October
Add BT as a preferred sourcePublished Tue, Jul 23, 2019 · 09:50 PM
SINGAPORE stocks bounced back from the previous day's decline after official data showed inflation rates eased in June, strengthening economists' expectations of monetary easing ahead.
The Straits Times Index (STI) rose 0.47 per cent or 15.91 points to close at 3,373.13.
Gainers outpaced losers 266 to 194. The session saw 1.34 billion shares worth S$917.93 million changing hands.
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