S'pore shares rally on strong global growth
Straits Times Index adds 17.53 points to close at 3,391.61 - the highest in over two years
Add BT as a preferred sourceSINGAPORE equities rallied ahead of US President Donald Trump's pick for chair of the Federal Reserve, the Federal Open Market Committee (FOMC) meeting and the unveiling of US tax plans, buoyed by optimism that global growth is strong.
The benchmark Straits Times Index (STI) added 17.53 points or 0.52 per cent on Wednesday to close at 3,391.61 - the highest in over two years. The gains recorded came from banking stocks and shares of Keppel Corporation, even as heavyweights including some of the Jardine group of companies chalked up losses.
The STI turnover came in at 2.5 billion worth S$1.5 billion, which worked out to an average of S$0.60 a share. Trading was firm with gainers outnumbering losers 305 to 158, excluding warrants.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
