STI up 20.7 points as sentiment turns bullish

WITH the Dow Jones Industrial Average tipped to rise at its opening, market sentiment turned bullish and most regional bourses rebounded into positive territory on Wednesday afternoon, as the greenback slid to its worst level since March.

Snapping out of the rough start to the week, the benchmark Straits Times Index (STI) ended the day 20.69 points, or 0.68 per cent, higher at 3,067.49.

Trading was firm with turnover amounting to nearly 1.9 billion units worth some S$1.2 billion, comparable to the S$1.1 billion daily average in December. Excluding warrants, gains were broad-based with 270 gainers to 164 losers.