More gains for STI with 'bulls in control'

Even as trade war fears subside, investors should still expect heightened volatility, says Julius Baer

Anita Gabriel

Published Wed, Apr 11, 2018 · 09:50 PM

THE Singapore bourse amped up to log its fifth consecutive day of gains on Wednesday owing to improved market sentiment, thanks to Wall Street's solid showing overnight as tensions over a trade war eased with reconciliatory tones from both the US and China.

The key Straits Times Index advanced 13.38 points or 0. 39 per cent to finish at 3,479.76, with one technical analyst concluding that the "bulls are back in control of market sentiment" based on the momentum in recent days.

Other key regional bourses closed mixed, with key indices in Japan, South Korea and Australia finishing lower while Hong Kong, China and Malaysia ended higher.