STI advances for third straight day
Singtel remains standout performer in the index this year, rising 17.4% as at Tuesday's market close
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WITH markets in "risk on" mode, the Straits Times Index (STI) on Wednesday added more distance between itself and its 2016 starting point of 2,882 when it closed with an 8.83-point gain at 2,910.65, thus bringing its rise for the year so far to 28 points or about one per cent. It was the STI's third consecutive gain for the week.
Wall Street's second consecutive all-time high this week provided the impetus, which was reinforced by rises of just under one per cent in Japan and 0.5 per cent in Hong Kong. The Dow futures, however, traded in the red and at 5pm stood marginally weaker.
Wednesday's turnover of 1.9 billion units worth S$1.1 billion was about average for the year so far and compares with Tuesday's 1.8 billion units worth S$1.1 billion. Excluding warrants, there were 224 rises versus 190 falls throughout.
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