STI closes higher in thin trading
Banks remain the main drivers, with UOB and DBS contributing a total of 9 points to the index's 15.7-point rise
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VOLUME last Friday surged to S$1.5 billion compared to a Monday-Thursday average of S$1 billion, but there was no follow-through this Monday, with turnover dropping back to just 1.9 billion units worth S$765 million - the lowest dollar value in about three weeks.
As for the Straits Times Index (STI), it spent the day tracking movements in the Dow futures - which rose 70 points at 5pm - and the Hang Seng Index, the latter rising in anticipation of China "A" shares being included in MSCI emerging market indices this week.
As a result, the STI finished 15.74 points higher at 3,247.18. Excluding warrants there were 274 rises versus 160 falls.
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