Relief rally as Brexit jitters subside

A WAVE of relief washed over local stocks after polls indicated that the 'Remain' camp was gaining momentum over their 'Leave' opponents in the crucial Brexit referendum this Thursday - at least, for the parts of the market that traders felt brave enough to jump into on Monday.

The Singapore market finished 1.4 per cent higher in the session, with the Straits Times Index (STI) rising 37.45 points to 2,800.87. But trading volumes were weak, with around 673.9 million shares worth just S$798.1 million in total changing hands across the entire bourse.

In the broad market, gainers outnumbered losers 247 to 126, or about two up for every one down.

Blue-chips were squarely in the spotlight, with the average unit price traded working out to S$1.18 per share. The 30 STI component stocks accounted for around S$554 mill…