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%
Add BT as a preferred source
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Singapore developer in limbo after Timor-Leste scraps major township project
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial
