News of HK-China connect boosts STI
Index just about crosses 3,300 points, thanks mainly to big push on the three banks and Noble Group; DBS's 1.6% surge contributes 6 points
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A LARGE rally over in Hong Kong first thing in the morning following news that its cross-border link with Shanghai will start next Monday helped boost the Straits Times Index (STI) on Monday, thanks mainly to a big push on the three banks and Noble Group.
However, as Hong Kong's gains eventually dwindled by almost half by the end of its trading day so did the STI's, the latter first rising 25 points to an intraday high of 3,312 but ending with a net gain of 14.61 points at 3,301.
The broad market's advance-decline score excluding warrants was an even 214-214, and turnover was an average 1.4 billion units worth S$1.03 billion.
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