STI edges above 3,400; Wee Cho Yaw increases his stake in UIC

THE five trading sessions spanning Nov 3 to 9 saw the Straits Times Index (STI) gain 1.3 per cent, reaching levels last seen in May 2015. The STI broke above 3,400 on the morning of Nov 7 and remained above that level for the rest of the week. This brought the STI's dividend-inclusive return for 2017 (through to Nov 9) to 22.5 per cent, compared to an average 19.4 per cent return for the benchmarks of Japan, Hong Kong and Australia.

Over those five sessions, more than 40 SGX primary-listed stocks lodged almost 90 changes in director interests or substantial shareholders. This included placement…