STI up 15.23 points on optimism for upcoming Q3 earnings results

THE benchmark Straits Times Index (STI) on Tuesday climbed 0.6 per cent or 15.23 points to close at 2,567.65, extending Monday's gains.

This comes ahead of the third-quarter results season. DBS Group Research analysts Yeo Kee Yan and Janice Chua said in a report on Oct 13 that "the worst of the earnings cuts has passed".

Ascendas Reit (A-Reit) was the best performer among the STI constituents, rising 3.44 per cent or S$0.11 to close at S$3.31.