STI bounces back to pre-Brexit level
Banks, Jardine C&C, Thai Beverage and Singtel are main contributors as the index surges 36 points
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BREXIT? What Brexit? Financial markets appear to have regained all their composure after only two days of selling in the aftermath of the United Kingdom's vote to leave the European Union - the Straits Times Index on Wednesday rose 36.2 points to 2,792.73, bringing it back to almost exactly the same level it was at on the eve of the UK's referendum.
Of course, short-covering and hefty doses of window-dressing probably also played a part since Thursday marks the end of the first half and second quarter of 2016.
This could explain the fact that despite the index's strength, the broad market could muster only 262 rises versus 135 falls, so gains were not widespread.
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