Singapore market a hive of activity
Trading volume clocks in at 1.47 billion securities as STI rises 30.74 points or one per cent to close at 3,238.73
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
WITH high expectations of a dovish interest rate outlook in the US, investors in the local equities market took to picking up stocks in the lead-up to June's US Federal Reserve meeting.
That gave a fillip to Singapore's Straits Times Index (STI) to close at 3,238.73, rising 30.74 points or one per cent.
IG market strategist Pan Jingyi said: "Every bit of data was expected to feed into the expectations with regard to the Fed's stance this week, and Monday's data releases out of the US had certainly joined the camp of supporters for dovishness."
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
