STI gets 1.4% boost from oil, Wall Street

STEADIER oil prices and an uplifting overnight cue from Wall Street led to the back-to-back rise in the local bourse's key index on Thursday, this time with an impressive 1.42 per cent gain.

The zeal in the gains in US stocks proved too compelling to be hammered down by concerns over the shocking terrorist attack in Paris and pushed the 30-stock Straits Times Index higher by 46.7 points to 3,345.11.

The day, relatively light on the data calendar in the region, also saw major Asian indices, except for Shanghai - it lost 2.4 per cent - click higher with Japan's Nikkei gaining 1.7 per cent, Hong Kong's Hang Seng rising 0.7 per cent and South Korea's Kospi advancing by 1.1 per cent.