STI gains 3.8% over 5 sessions; large shareholders adjust stakes

FOR the five sessions ended April 19, the Straits Times Index (STI) advanced 3.8 per cent, leading the benchmarks of Japan, Hong Kong, Australia that averaged a 0.8 per cent gain. The STI has continued to be the strongest of these benchmarks in the 2018 year through to April 19, with a 6.1 per cent total return, compared to the three benchmarks averaging a 0.9 per cent decline, while the Dow Jones has declined 1.6 per cent.

During the five sessions, share buyback consideration totalled S$12.2 million, which was a significant slowdown of recent momentum, albeit exp…