Market up on Macron's election victory

THE Straits Times Index (STI) managed a 7.25-point rise to 3,236.98 on Monday in response to the widely-expected news that Emmanuel Macron, the market's preferred choice for president of France, had won Sunday's run-off against his rival Marine Le Pen.

Overall trading was slightly firm with 250 rises versus 211 falls excluding warrants, while turnover was a decent 2.6 billion units worth S$1.34 billion.

The three banks were the main drivers of last week's surge on hopes that the worst is over for them. DBS has been outstanding in …