STI back in positive territory for year
Upward trajectory takes benchmark index to 2,896.55 for a year-to-date gain of 0.5%
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LEFT to its own whims with no lead from US markets that were closed on Monday for Labor Day, share prices on the local bourse extended handsome gains on Tuesday, swinging the key index back into positive territory for the year.
The benchmark Straits Times Index (STI) gained 44.81 points or 1.6 per cent to close at 2,896.55, bringing year-to-date gains to 13.8 points or 0.5 per cent.
The upward trajectory was echoed elsewhere in major markets in Asia. Japan's Nikkei 225 finished up 0.3 per cent while Hong Kong's Hang Seng advanced 0.6 per cent. China's Shanghai Composite rose 0.6 per cent while South Korea's Kospi closed 0.3 per cent higher.
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