STI extends its 2017 gain to 2.1%
Index's uptick comes despite Wall Street slide on Monday, slight weakness in the Dow futures, indifferent Hong Kong session
THE Straits Times Index (STI) managed to extend its good start to 2017 with a 16.47-point rise to 3,041.95 on Tuesday, which brought its gain for the year to 61 points or 2.1 per cent. Turnover improved from the sub-S$1 billion totals of the previous week to 2.3 billion units worth S$1.3 billion; and excluding warrants, there were 248 rises versus 178 falls.
The index's uptick came despite a slide on Wall Street on Monday, slight weakness in the Dow futures and an indifferent session in Hong Kong where the Hang Seng Index ended just 0.2 per cent higher. Banks have been chiefly responsible for the STI's performance over the past year, and so it …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try