Singapore traders go huat ah!
STI up an auspicious 8.88% year-to-date; value traded healthy but gainers and losers evenly matched
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THE bullish sentiment that has lifted the Singapore market this year continued on Thursday, with the benchmark Straits Times Index (STI) hitting an early-morning intraday high of 3,158.26 points.
That eased down to 3,136.48 points by the market's close, near the year's high and up by around 14 points. However, the gainers-losers ratio was much closer at 245-239. Value traded was at a robust S$1.8 billion and volume traded, at 2.8 billion shares, was not too shabby either.
The STI is up a lucky 8.88 per cent year-to-date, or a US dollar-adjusted 11.6 per cent, making it one of the best performers in Asia. Market activity was dominated by optimism about the Jardine stable, Singapore banks, and other major blue-chip counters such as Keppel Corp, CapitaLand and City Developments.
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