Oil, GDP outlook give STI modest boost

A MEETING of oil-producing countries and a modestly positive economic outlook for Singapore danced on the minds of investors on Thursday as financials led the Straits Times Index (STI) to a modest gain of 0.1 per cent or 3.13 points to 3,234.37.

Gainers outnumbered losers 276 to 183, or three up for every two down.

A total of two billion shares changed hands, about 82 per cent of the daily average over the first four months of the year. Total turnover was S$1.2 billion, about 96 per cent of the January-to-April daily average.