STI extends gains, lifted by local banks, US rally
The three lenders add a combined 21 points to the index, led by OCBC which reported a 22% rise in Q2 profit
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A POSITIVE start to bank earnings here coupled with Wall Street's rally on the back of strong earnings meant that Singapore equities continued to trend up, extending earlier gains in the week.
The upbeat mood meant that the benchmark Straits Times Index (STI) chalked up 17.99 points or 0.54 per cent to finish Thursday's trading at 3,354.71 - the highest since late-July 2015's high of 3,373.48.
Turnover came in at 3.1 billion worth S$1.5 billion, which works out to an average of S$0.48 per unit. Trading was mixed, with losers outnumbering gainers 277 to 208.
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