Singtel's surge helps STI close in the black

A LARGE jump in Singtel's shares helped the Straits Times Index post a 4.03- point rise to 2,843.72 on Thursday in a session where the broad market weakened, recording 179 rises versus 237 falls.

Volume amounted to 1.3 billion units worth S$1.2 billion in line with the average since the US elections.

Singtel has been weak over the past few sessions so it came as no surprise that it was the index's biggest positive contributor. Its S$0.11 or 3 per cent rise to S$3.73 on volume of 58.2 million accounted for 9.3 points.