STI extends gains even as region falters
Key index rises for fifth straight day, buoyed by the three local banks and industrial counters; Nico Steel is most actively traded
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THE key Straits Times Index (STI) rose for the fifth straight trading day on Tuesday, buoyed by financials and industrial counters.
It was a bright spot compared to other South-east Asian stocks. In the Philippines, real estate and financial stocks dented the index, sending it lower by 1.36 per cent, making them the top losers in the region.
In Malaysia, the FTSE Bursa Malaysia shed 0.32 per cent.
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