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ST Index up, following Wall Street's lead
But the real action is once again in penny stocks; average value per unit traded for the market is S$0.48
Add BT as a preferred sourcePublished Tue, Apr 7, 2015 · 09:50 PM
MONDAY's column earlier this week said Wall Street would probably welcome last Friday's weak US jobs report because the market now takes a "bad economic news is good for stocks'' stance since it means interest rate hikes would be delayed.
This prediction turned out to be accurate, the US market rising sharply on Monday with news reports citing the weak payroll numbers as the main reason.
This in turn made for a firm Tuesday session for the Straits Times Index (STI) which added12.71 points at 3,465.62, although the real action once again lay in penny stocks.
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